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Terminated Plans Can Roll Over Benefits of Lost Participants
Nelson Mullins Link to more items from this source
[Guidance Overview]
Aug. 18, 2014
"[T]he plan fiduciary should make reasonable efforts to locate the participants and beneficiaries using all of the following: Certified mail; Check records of related plans and employer(s); Contact designated beneficiaries to ask about participants; Use free electronic (Internet) search tools.... If the participant or beneficiary is not located, then the fiduciary should consider distributing the plan account directly to an IRA because the account will continue the deferral of income, and avoid both the 20% mandatory withholding and the 10% early distribution tax."

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