With the Department of Labor and the Internal Revenue Service’s continued enforcement activity related to missing participants, employers are trying multiple methods to locate participants who are due a retirement benefit. According to Alight Solutions’ 2018 Hot Topics in Retirement & Wellbeing survey, address searches, first-class U.S. mail and certified letters are the most common approaches.
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- Stats on how companies are looking for missing participants
- Recommendations from Alight Solutions based on our clients’ experiences with DOL audits and IRS investigations
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