Discover the latest methods and best practices for finding missing plan participants and beneficiaries.
Locating Beneficiaries of Deceased Participants
Maintaining updated Plan Participant Records to ensure Fiduciary Compliance Recent guidance issued by the U.S. Department of Labor (DOL) addresses fiduciary and enforcement issues related to missing and non-responsive retirement plan participants. A key best practices category highlighted by the DOL is maintaining accurate census information for the plan’s participant population including spousal and beneficiary information. What happens if a participant is deceased and census records – in particular, spouse/beneficiary information – are incomplete [...]
