Lost Participants

After a participant leaves employment, a plan administrator must continue to provide them with plan notices.

We recommend plan sponsors always keep an up-to-date permanent listing of missing participants as part of their retirement plan record.

Strategies to consider to avoid lost participants in your plan.

A major frustration in plan administration is locating employees who have left the employer and have not provided a forwarding address for the processing of any benefits due to them from the plan.