DOL Issues Guidance on Missing Participants in Terminated Plans - The ...

DOL Issues Guidance on Missing Participants in Terminated Plans - The Guidance Focuses on How to Search for Missing Participants or Beneficiaries in Terminated Defined Contribution Plans and How to Distribute Account Balances The Department of Labor Field Assistance Bulletin 2014-01 provides guidance on how fiduciaries should go about searching for missing participants or beneficiaries in terminated defined contribution plans; and how to properly distribute the account balances of missing participants so that the assets are no longer plan assets and the missing individual is no longer a participant under the plan.



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