What’s your Responsibility to Find Missing 401(k) Plan Participants?
By Craig Erickson
As the fiduciary of a 401(k) plan, you are responsible for retirement plan participants, even if they’ve left your company with no forwarding addresses or you have contact information that’s no longer valid.
If employees work at your company long enough to take part in your 401(k) plan, and then disappear, moving from state to state, taking a series of jobs, how responsible are you for tracking them down?
When a participant cannot be located via routine delivery...
