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New IRS Guidance for Escheatment Makes Automatic Rollover IRAs Even More Attractive

January 6, 2021
By Millennium Trust
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The IRS recently released two pieces of guidance regarding the transfer of small qualified retirement plan account balances to state unclaimed property funds.

What’s on Your 401(k) Plan Year-End To-Do List?

October 24, 2019
By Terry Dunne
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As plan sponsors prepare for 2020, ensuring plan documents are up-to-date and key tasks are completed can help potentially reduce fiduciary liability heading into the new year.

2020 Plan Sponsor Goals: Optimize Your Automatic Rollover Provision

October 2, 2019
By Millennium Trust
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Changes over the last 15 years have created new pain points for retirement plans, such as the increase of uncashed checks and low balance accounts left behind.

Automatic Rollovers Remain the Best Solution for Missing Participants

September 5, 2019
By Terry Dunne
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Missing or non-responsive former employees can drain plan resources, impairing effective plan administration and exposing you to potential fiduciary risks. Automatic rollovers remain the industry-accepted solution for reconnecting participants with their accounts.

As the DOL Cracks Down on Missing Participants, What Can Plan Sponsors Do?

April 18, 2019
By Terry Dunne
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The DOL has increased its scrutiny of plan sponsors efforts’ to locate missing participants and prevent participants from going missing in the first place. Read about what plan sponsors can do to battle these rising concerns.  

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