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DOL Launches Online Filing System for Termination Administrators to Submit Information on Abandoned Employee Benefits Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] July 19, 2024 "Since 2006, the program has enabled benefit distributions to be made to participants and beneficiaries of individual account retirement plans, such as 401(k) plans, that have been abandoned by their sponsoring companies. It allows qualified termination administrators to wind up a plan’s affairs and provides them with streamlined procedures for distributing benefits. The new system offers these administrators an online option for submitting required information to the department in addition to existing email and paper-based methods." |
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