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Missing Participants/Terminated Plan


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Guest Frank Jackson
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What is the policy regarding uncashed checks for missing participants. We have issues related to participants that we cannot locate. We have tried many search organizations with no luck. To make matters worse some of the missing participants were part of terminated plans. In some cases we can not even locate the plan sponsor. I have heard about escheating to the state? Is this viable? Any input would help.

Thanks!

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