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What Should Plan Administrators Do About Uncashed Retirement Plan Checks?
Thompson Coburn LLP 
Jan. 28, 2020 "[It] has been estimated that the total amount of retirement benefits unclaimed by U.S. employees exceeds $100 billion.... The GAO's report contained three primary recommendations.... [T]he IRS published Revenue Ruling 2019-19 dealing with a participant's failure to cash in 2019 a distribution check received from a qualified retirement plan.... The [ERISA Advisory] Council notes in the description of its review objectives that a plan administrator has a number of options for dealing with an uncashed retirement plan check." MORE >> |
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