Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
No More Missing Pieces: DOL Issues Guidance on Missing Participants
Sidley Austin LLP [Guidance Overview] Feb. 2, 2021 "Plan sponsors or fiduciaries should: [1] prepare or update written plan procedures ... to include the 'best practices' set forth in the DOL guidance; [2] review the DOL's new 'red flag' checklist, and take action to eliminate any red flag items that could apply; [3] confirm that plan recordkeepers and third-party administrators are implementing and following the plan's procedures ... [4] clean up data and file feeds to their recordkeeper/third-party administrator; [5] contact participants (both current and terminated/retired) and beneficiaries on a periodic basis to confirm or update their contact information." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |