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 miss- ing 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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