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PBGC to Expand Missing Participants Program Beyond Single-Employer DB Plans
Pensions & Investments Link to more items from this source
Dec. 22, 2017
"PBGC will work with sponsors of terminated 401(k) and other defined contribution plans, including profit-sharing, money purchase, target benefit, employee stock ownership and stock bonus 403(b) plans, to help distribute plan benefits to missing participants. Plans not covered include governmental plans, church plans and plans that cannot pay benefits to PBGC in cash. The agency will charge sponsors $35 per account to transfer plan benefits into the program and fees will not exceed PBGC's costs."

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