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.
The Department of Labor (“DOL”) has undertaken a nationwide compliance initiative to ensure that retirement plan participants receive the benefits that they were promised when they.
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On January 12, 2021, the Department of Labor (the DOL ) issued three pieces of guidance detailing the
DOL s view of what steps plan fiduciaries should take to locate
and distribute retirement benefits to missing or nonresponsive
participants ( missing participants ). The guidance is
largely consistent with positions taken by DOL in investigations.
The guidance provides DOL s views on what is best
practices in searching for missing participants and a glimpse
into DOL s enforcement process under its missing participant
initiative. However, the guidance does not establish the type of
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On January 12, 2021, the Department of Labor (the “DOL”) issued three pieces of guidance detailing the DOL’s view of what steps plan fiduciaries should take to locate and distribute retirement benefits to missing or nonresponsive participants (“missing participants”). The guidance is largely consistent with positions taken by DOL in investigations. The guidance provides DOL’s views on what is “best practices” in searching for missing participants and a glimpse into DOL’s enforcement process under its missing participant initiative. However, the guidance does not establish the type of clear, bright-line rules many plan sponsors and services providers were asking for. Importantly, as noted in the guidance, this guidance does not have force and effect of law. As such, while moving the ball forward, whether the guidance helps to create a more efficient path through missing participant investigations will have
“Trump’s not gonna win. I made f cking sure of that!”.
..Eric Coomer, executive with Dominion Voting Systems
“The only reason to change software after the election would be to obfuscate
evidence of fraud and/or to correct program errors that would de-certify the
election. Our findings show that the Central Lake Township tabulator tape totals
were significantly altered by utilizing two different program versions (10/23/2020 and 11/05/2020), both of which were software changes during an election which violates election law, and not just human error associated with the Dominion Election Management System. This is clear evidence of software generated movement of votes. The claims made on the Office of the Secretary of State website are false.”