ERISA Council: DOL should update guidance on missing plan members

09/27/2013 | Bloomberg BNA (free content)

The Department of Labor's ERISA Advisory Council decided in a teleconference to propose that the department revise its guidance for locating missing plan participants. The council expects to recommend that DOL make it clear in the guidance that plan fiduciaries are responsible for attempting to locate missing or lost plan beneficiaries, not just the plan members themselves.

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