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How to Find Unclaimed Retirement Benefits

How to Find Unclaimed Retirement Benefits If you re missing a retirement plan from a previous employer, here s how you find it. This story originally appeared on SmartAsset.com. Many employers offer retirement benefits, and some will even match their employees’ contributions. However, most people leave employers several times throughout their careers. In leaving one job and taking on another, some employees forget to take their 401(k) or other retirement accounts with them. If there’s a chance you have unclaimed retirement benefits but aren’t sure how to access them, here’s how to find your unclaimed retirement benefits. How Retirement Benefits Go Missing

Helpful New Guidance on Locating Missing and Nonresponsive Retirement Plan Participants | Locke Lord LLP

To embed, copy and paste the code into your website or blog: It is important to note that, since this guidance was issued in the late days of the Trump administration, the Biden administration will likely review this guidance. It is not uncommon for guidance to be delayed, revised, and/or rescinded as part of the review process. On January 12, 2021, the U.S. Department of Labor (“DOL”) issued new guidance on how employee benefit plans can connect with missing plan participants and retirees. This new guidance was released in three parts:  a list of best practices for locating and tracking missing participants; a compliance assistance document describing the DOL s missing-participant investigations; and a field assistance bulletin temporarily easing enforcement activities relating to ERISA violations relating to missing participants.

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