Missing Participants Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The 4044/4050 tables are used to calculate withdrawal liability and missing participant program transfer amounts.

The tables are used for calculating withdrawal liability and missing participant program transfer amounts.

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 participants and their beneficiaries receive the retirement benefits due to them, the Department of Lab...

The U.S. Department of Labor DOL recently issued important guidance for retirement plan sponsors and fiduciaries on their obligations to find missing participants

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 addresses the following three components of missing participant issues facing retirement plan sponsor...