News & Analysis as of

Defined Contribution Plans Audits Department of Labor (DOL)

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Forfeitures can be a compliance headache

Defined contribution plans such as 401(k) plans have a forfeiture provision if there are contribution in the plan that are not immediately vested. The problem with the forfeiture provision is that they are usually neglected...more

Laner Muchin, Ltd.

Department Of Labor Audits Are Focusing On Plan Procedures For Locating Missing Vested Participants

Laner Muchin, Ltd. on

The U.S. Department of Labor (DOL) has increased its examinations of the procedures of defined benefit and defined contribution retirement plans for locating and paying out benefits to terminated vested participants whom the...more

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