The webinar will be held on April 20th at 3:00 PM Central Time. There is no cost to attend, but you must register in advance.
In the past, the IRS provided a letter-forwarding service to help Plan Sponsors locate participants for whom they don’t have a current address. As a cost cutting measure, starting September 1, 2012, the IRS discontinued processing requests to locate missing participants. Since that time, Plan Sponsors, third-party-administrators, and related service providers have been using a variety of tools, some for a fee and some without an additional fee such as social media, to help locate missing participants. On August 14, 2014 the Department of Labor issued Field Assistance Bulletin No. 2014-01 listing the following search methods Plan Sponsors should take to locate missing participants:
1. Send a notice using certified mail
2. Check all the records of the employer or any related plans of the employer