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What Happens To The 401(K) Plan When A Company Is Sold? - Employee Benefits & Compensation

Administering a 401(k) plan is a team effort, requiring the expertise of HR staff, the plan's recordkeeper, and an ERISA attorney. When a company that sponsors a 401(k) or other retirement plan sells the business...
Participants Program Department Of Labor Tax Code Missing Participants What Happens To The 401k Plan Whena Company Is Sold Corporate Commercial Law
Source: mondaq.com

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Key Takeaways From The DOL's

To print this article, all you need is to be registered or login on Mondaq.com. All too often, retirement plan administrators and benefits attorneys encounter situations with missing participants or uncashed checks that result in head scratching and exasperation. It is difficult to believe that trying to deliver money to someone could produce such frustration, but it happens more than one would think. In an attempt to alleviate some of these woes and help ensure that par...
John Doe Employee Benefits Security Administration National Registry Of Unclaimed Participants Program Department Of Labor Best Practices
Source: mondaq.com

DOL Guidance for Retirement Plan Fiduciaries in Search of Missing Participants | Epstein Becker & Green

To embed, copy and paste the code into your website or blog: The U.S. Department of Labor (“DOL”) recently issued important guidance (“Guidance”) for retirement plan sponsors and fiduciaries on their obligations to find missing participants entitled to retirement plan benefits. Retirement plan sponsors and fiduciaries are at greater risk given the uptick in missing participant audits by the DOL. (More information on missing participant audits is available here.) The Guidance generally a...
Us Department Of Labor Participants Program Pension Benefit Guaranty Corporation Epstein Becker Missing Participants Program Assistance Release

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