{"id":4086,"date":"2019-06-06T18:50:57","date_gmt":"2019-06-06T22:50:57","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=4086"},"modified":"2019-06-06T18:50:57","modified_gmt":"2019-06-06T22:50:57","slug":"if-the-dol-says-you-should-find-missing-participants-do-it","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4086","title":{"rendered":"If the DOL says you should find missing participants, do it"},"content":{"rendered":"<p>I\u2019m not afraid of many things, except making the deep water and the heights. I\u2019m not afraid of the Department of Labor (DOL) because I listen to what they\u2019re trying to say. So if they say that missing particip<a name=\"_GoBack\"><\/a>ants are a concern, I\u2019m going to advise my clients to put processes in place to find missing participants and use rollover custodians like Millennium Trust when the accounts meet the rollover limits.<\/p>\n<p>The DOL is focusing because most plans do nothing with missing participants until they need to terminate the plan. As a plan sponsor, you want to roll out former participants because they can be a compliance headache, especially since they tend not to get any information on the plan and may have a required minimum distribution if they\u2019re around the magic age of 70 \u00bd.<\/p>\n<p>So if the DOL is trying to focus on missing participants, it\u2019s important that you do as well. It\u2019s always important to pick up social cues from our friends at the DOL.<\/p>\n<div class=\"sharedaddy sd-sharing-enabled\"><\/div>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>I\u2019m not afraid of many things, except making the deep water and the heights. I\u2019m not afraid of the Department of Labor (DOL) because I listen to what they\u2019re trying to say. So if they say that missing participants are &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4086\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4086"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4086"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4086\/revisions"}],"predecessor-version":[{"id":4087,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4086\/revisions\/4087"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}