Trouble Locating Missing 401(k) Participants? A Proposed Program May Be Of Help
One of the many challenges facing employers while terminating a 401(k), profit-sharing, or Defined Contribution plan is locating participants with balances who have long since left employment. The Pension Benefit Guarantee Corporation (PBGC) has recently proposed establishment of a program to accept transfers of account balances of any size.
What you’ll learn
- How this program works
- How plan sponsors & participants benefit from this program
- Whether or not you need to enroll