lost particpants
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Lost Participants in Retirement Plans
- June 20, 2018
- Posted by: Jeff Atwell
- Category: Resources
No CommentsLost participants can increase the risk of a fiduciary breach or operational defect as well as increasing the administrative cost of maintaining the lost participant’s accounts within the plan. This creates an opportunity for a plan advisor to create value for their plan sponsor clients in assisting them in managing terminated participants who have not provided current addresses. We share a few resources to help you understand what’s involved.
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TRG has been a key partner in the UBMD Family Medicine 401k plan for over 12 years, providing assistance with fiduciary and investment services. The TRG team has always provided us with excellent advice, guidance and customer service. Any one of them will make themselves available to you whenever needed. We are very thankful for their help and support!