Dol Issues Missing Participants Guidance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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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