Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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DOL Issues Missing Participant Guidance
Seyfarth Shaw LLP [Guidance Overview] Feb. 3, 2021 "[T]he Release explains how the DOL identifies plans that have difficulty tracking terminated vested participants and timely distributing benefits, red flags that can suggest a problem, and its approach to closing out cases. In particular, the DOL identified [1] plans that report a large number of terminated vested participants entitled to future benefits, [2] bankruptcy, and [3] corporate merger and acquisition activities, as instances where plans could face problems with loss of participant data." |
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