Latest News
Plan Sponsor Article: Ensuring Clean Participant Data
"One of the most critical aspects in maintaining a healthy retirement plan is guaranteeing clean participant data, says John Bikus, president of PBI Research Services, a provider of death audit and location services. Having [...]
In the News: PBI Research Services Says it’s Saved Companies $100M by Finding Deaths
Minneapolis-based PBI Research Services started a program that aggregates death information from roughly 26,000 sources to make sure benefits are being properly released. PBI says it's saved its customers about $100 million within the [...]
PBI Press Release: CertiDeath® Saves Over $100 Million in Overpayments to Deceased Pension Participants
MINNEAPOLIS, June 8, 2021 -- PBI Research Services, the leading death audit provider, announced its flagship product, CertiDeath®, has resulted in over $100 million of savings for clients. CertiDeath, the industry's only advanced death audit solution, [...]
How Do You Handle False Positives from the Death Master File?
Death Audit false positives are defined as identifying a decedent who isn’t actually deceased. False positives result in unplanned organizational expense and incorrect payment stoppage. As a result, false positives can be painful to [...]
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 [...]
The Art of Locating Participants and Beneficiaries
The difference between comprehensive Locate services and simple data updates. Pension plan professionals – plan sponsors, trustees, administrators, etc. – have a fiduciary responsibility, actually a requirement, to conduct diligent searches for participants and [...]