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DOL Guidance Provides Help for Finding Your Plan's Missing Participants
Littler Link to more items from this source
[Guidance Overview]
Aug. 20, 2014
"The decision to set up an interest-bearing account or transfer the funds to the state should be an absolute last resort because these two options have potential adverse tax consequences to the participant. In fact, according to the DOL, 'a fiduciary would violate ERISA section 404(a)'s obligations of prudence and loyalty by causing such negative consequences rather than making an individual retirement plan rollover distribution.'"

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