Terminating Defined Contribution News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Terminating defined contribution. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Terminating Defined Contribution Today - Breaking & Trending Today

Missing Participant Guidance Trifecta | Seyfarth Shaw LLP

To embed, copy and paste the code into your website or blog:
On January 12, 2021, the Department of Labor (DOL) issued a 3-part set of missing participant guidance for employer-sponsored retirement plans, addressing a variety of issues:
Best practices for reducing missing participant populations;
Explanation of the DOL’s goals and process in missing participant audits under the Terminated Vested Participant Project; and
Authority for fiduciaries of terminating defined contribution plans to use the PBGC Missing Participant Program.
Uniting participants with their retirement benefits has been a priority for the DOL for a number of years, as well as for plan sponsors and fiduciaries who want to see their employees benefit from their hard earned retirement dollars. In that regard, while additional guidance is always welcome, as discussed below, several of the DOL’s best practices could be viewed as impractical at best, or at worst, unworkable by plan fiduciar ....

Participants Program , Participant Program , Pension Benefit Guaranty Corporation , Correction Service , Department Of Labor , Terminated Vested Participant Project , Reducing Missing Retirement Plan , Assistance Bulletin , Missing Participants , Best Practices , Pension Plans , Missing Participant , Compliance Assistance Release , Terminated Vested Participants Project , National Change , Enforcement Policy , Terminating Defined Contribution , Field Assistance Bulletin , Missing Participants Program , Seyfarth Employee Benefits Attorney , பங்கேற்பாளராக ப்ரோக்ர்யாம் , ஓய்வூதியம் நன்மை உத்தரவாதம் நிறுவனம் , திருத்தம் சேவை , துறை ஆஃப் தொழிலாளர் , குறைத்தல் காணவில்லை ஓய்வு திட்டம் , உதவி புல்லட்டின் ,

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. ....

United States , Us Department Of Labor , National Registry Of Unclaimed Retirement , Employee Benefits Security Administration , Participants Program The , United States Postal Service , Locke Lord , Pension Benefit Guaranty Corporation , Social Security Death Index , National Registry , Unclaimed Retirement Benefits , Plan Investigations Involving Missing , Compliance Assistance Release , Terminated Vested , Participants Project , Voluntary Compliance , Enforcement Policy Regarding , Terminating Defined Contribution , Missing Participants Program , Benefit Guaranty Corporation , Defined Contribution Missing Participants Program , ஒன்றுபட்டது மாநிலங்களில் , எங்களுக்கு துறை ஆஃப் தொழிலாளர் , தேசிய பதிவு ஆஃப் உரிமை கோரப்படாதது ஓய்வு , ஒன்றுபட்டது மாநிலங்களில் போஸ்டல் சேவை , பூட்டு ஆண்டவர் ,