USDOL Offers Best Practices for Locating Missing Pension Plan Participants

The US Department of Labor (USDOL) Employee Benefits Security Administration (EBSA) has undertaken a nationwide compliance initiative to help retirement plans maintain accurate information, communicate effectively, and implement policies and procedures to locate missing participants and beneficiaries. For more information, see the report on the EBSA site as well as related guidance. The non-regulatory guidance does not have the force of law, and is intended only to provide clarity to the public regarding existing policies.