The Conundrum of Uncashed Checks

PBI Research Services

Uncashed checks continue to be a significant problem for fiduciaries, plan sponsors, and record keepers. Billions of dollars go uncashed each year due to missing participants, participants forgetting about previous investments, or participants losing or forgetting about checks they have received. Not only does this create an accounting nightmare, it creates significant work for fiduciaries when the Department of Labor (DOL) begins to audit the plan. Join us for a 30-minute webinar where we will cover the following topics:

1. What’s changed with the new DOL guidance as it pertains to uncashed checks?
2. What are plan sponsors and providers doing to address these changes?
3. What challenges are plan sponsors and providers experiencing around uncashed checks?
4. Why not just rollover vs. perform a due diligence effort?
5. What happens to outstanding checks after the due diligence effort is complete?

In addition, we will be answering questions live that are submitted by you and your peers.

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