Consolidation Corner

The ABCs of Missing Participants

Posted by Thomas Hawkins on Aug 25, 2016 8:30:00 AM



What is a Missing Participant? 

  • A missing participant is a qualified plan participant who cannot be located by the plan for the purposes of executing transactions (ex. - required minimum distributions, distribution checks, etc.) or for whom mailings are consistently returned due to an incorrect address.
  • It’s estimated that anywhere from 3%-6% of qualified plan participants are consider "missing" and requiring location.Missing participants can cause administrative burdens, increased plan costs and elevated fiduciary risk (ex. - missed mailings and uncashed distribution checks).  
Read More

Topics: Missing Participants, Lost Participants, What is a Missing Participant?

Click Here To View RCH's Upcoming Events!

Consolidation Corner

Don't get left behind!!

Be sure to sign up to receive our emails keeping you up to date on all of the latest industry news, events and articles featuring Retirement Clearinghouse!

Click Here To Download  BRT's Executive Summary  on the Mobile Workforce

Subscribe to Email Updates

Recent Posts