Lost and found: DOL issues guidance relating to missing participants
By EsqSocial Corporation 18/01/21
On January 12, 2021, the Department of Labor (DOL) released a triple shot of guidance related to helping retirement plan fiduciaries meet their obligations under the Employee Retirement Income Security Act (ERISA) to distribute retirement benefits to missing participants. The first piece of guidance, titled Best Practices for Pension Plans, provides a list of best practices that DOL suggests retirement plan fiduciaries utilize in developing their missing participant processes....
By: Eversheds Sutherland (US) LLP