Missing Persons Report | Millennium Trust Company

Missing Persons Report

March 1, 2014

This article was featured on LifeHealthPro.com. Virtually every retirement plan faces a growing problem that costs time and money and could actually cause it to fall out of compliance with various regulations. The problem is caused by ex-employees who still belong to the plan but end up being classified as missing or non-responsive because they can't be located or never acknowledge communications about their retirement accounts. This article explores what plan sponsors can do when ex-employee participants disappear or ignore them.