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Effectively Managing Pension Participant Pool Data (PDF)
International Foundation of Employee Benefit Plans [IFEBP]Link to more items from this source
Nov. 10, 2021

"[Failure to maintain accurate participant pool data] can reduce the lifetime value of a fund, result in costly [DOL] audits and significantly increase exposure to cybersecurity risk. Savvy plan sponsors ... update participant/beneficiary personally identifiable information (PII), institute continuous monitoring for decedents, verify location information for participants/beneficiaries and consolidate projects via systems that significantly reduce cybersecurity risk."

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