It may be deemed that there has been a partial plan termination if more than 20% of the plan’s participants are terminated. Learn More >
Employers must give employees various required notices during the year. Learn More >
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Uncashed distribution checks are a growing problem for plan sponsors, as the numbers of small-balance accounts and separated participants grow.
After a participant leaves employment, a plan administrator must continue to provide them with plan notices.
Sherry F. recently earned her Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals and Actuaries (ASPPA).
Teresa B. recently earned her Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals and Actuaries (ASPPA).