Missing Retirement Plan Participants? The DOL Says You Should Follow These Best Practices
By EsqSocial Corporation 20/01/21
In response to ongoing pleas for guidance, the Department of Labor (DOL) has published an informal outline expressing its views on how retirement plan administrators should be addressing missing or unresponsive participants. Through contrasting lists of “red flags” and “best practices,” the publication reveals the DOL’s expectations of plan administrators and provides helpful guideposts for them to follow. This article provides a summary of the publication, as well as tips for plan...
By: Bradley Arant Boult Cummings LLP