Missing Participants: Considerations for the Plan Document and Plan Administrative Procedures
Partner Heather Abrigo and associate Elise Norcini authored an article for 401(k) Advisor titled “Missing Participants: Considerations for the Plan Document and Plan Administrative Procedures.”
The increased focus by Internal Revenue Service (IRS) audits and Department of Labor (DOL) investigations on how qualified plans and their fiduciaries fulfill their fiduciary obligations with respect to missing or unresponsive participants has created several questions for plan sponsors and administrators to consider. In their article, Abrigo and Norcini address these issues and discuss why plan sponsors should care about missing or unresponsive participants, the recommended steps based on existing guidance and if there will be clearer guidance issued by the DOL or IRS.The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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