ERIC’s Aliya Robinson testified before The ERISA Advisory Council on the legal and practical concerns surrounding uncashed checks and state escheatment.
ERIC continues to seek changes in the missing participant audit process by requesting an end to closing letters that contain a fiduciary breach finding
ERIC submitted suggestions to the U.S. Department of Labor Assistant Secretary of Labor Preston Rutledge on guidance related to the challenge of employers locating missing retirement plan participants
This afternoon, ERIC submitted a letter to the Department of Labor (DOL) on the issue of missing and unresponsive participants
On behalf of the undersigned organizations, we thank you for the meeting we had with your senior staff on May 16 regarding the issue of missing and unresponsive participants and beneficiaries. While we were sorry you could not attend, we had a productive dialogue with staff from the Department of Labor’s Employee Benefits Security Administration (EBSA)
We watched with interest the Administration’s meeting with top technology executives on Monday, June 19, 2017, and now urge the Department of Labor to make a technology change that will improve communications between companies that sponsor health and retirement plans and their beneficiaries, and save money for both the beneficiaries and the companies
Today, The ERISA Industry Committee (ERIC) submitted comments in response to the Pension Benefit Guaranty Corporation’s (PBGC) proposed rule regarding missing participants under ERISA Section 4050