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Employee Benefit Services

Fiduciaries Responsible for Locating Missing Participants

An important fiduciary duty for a plan sponsor is the timely processing of distributions to former employees and beneficiaries. Employers can lose track of former employees and benefits can remain unclaimed for long periods of time. The Department of Labor (DOL) has published guidelines for employers with steps to locate missing participants. The following article describes the DOL guidance and best practices for dealing with this important and vexing issue.

DOL to Plan Sponsors: Find Missing Participants

For questions or more information, please contact Richard Green at or 844.4WINDES.

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