locate pension participant

Webinar Recap: Annual Funding & Other Retirement Plan Notices – What You Need to Know

Defined benefit and defined contribution plans require a variety of communication statements and notices that are critical for participants to receive. These include Annual Funding Notices (AFN), Lifetime Income Illustration in Periodic Pension Benefit Statements, Qualified Default Investment (QDIA) Notices, Automatic Contribution Arrangement Notices, and Safe Harbor Notices to name a few. There is one challenge that all of these, and other pension plan notices have in common: ensuring deliverability of accurate and compliant [...]

2023-06-15T15:05:57-05:00February 4th, 2022|Pensions, Webinar Recaps|

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 beneficiaries.  There are various methods to doing this.  Knowing the difference will not only help ensure you are meeting your fiduciary obligations; but, will also best prepare you for any possible regulatory reviews or audits (DOL/IRS). The most inexpensive and [...]