DOL Guidance on Missing Participants is No Longer Missing

Morgan Lewis

Join us for a focused discussion of the Department of Labor new guidance on missing participants and its implications for retirement plan fiduciaries and service providers.

• Topics include:
• Background on the “missing participant problem”
• Overviews of the DOL’s three new pieces of guidance: 
  • DOL memorandum on what it considers to be “Best practices” in minimizing and mitigating missing participants 
  • DOL Defined Benefit Plan Terminated Vested Participants Project investigations and
  • Field Assistance Bulletin No. 2021-01, addressing terminating defined contribution plans using the PBGC’s missing participant program
• What retirement plan fiduciaries and administrators could consider in light of this guidance
• Considerations on service provider roles and responsibilities 
• Unanswered questions

CLE credit: CLE credit in CA, FL, IL, NJ (via reciprocity), NY, PA, TX, and VA is currently pending approval.

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