What’s your Responsibility to Find Missing 401(k) Plan Participants?

By Wiss, Posted in Employee Benefit Plan Audits

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participants, even if they’ve left your company with no forwarding addresses or you have contact information that’s no longer valid.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 rout... read more.