The Rosenbaum Law Firm Review - December 2019

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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How You Should Deal With Missing Plan Participants.

What you need to do.

Being a 401(k) plan sponsor isn't easy. Half the battle is identifying your responsibilities as a plan fiduciary. The other half is identifying compliance and fiduciary errors that can lead you into a lot of trouble. One of the problems is identifying areas of the plan that could result in a whole host of headaches. One problem is that one area that has been neglected for a long time until now is missing participants. Thanks to the government's focus on the topic, this is something that you need to know and follow a process of locating former employees that you can't locate....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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