Federal legislation currently under consideration in Congress seeks to bolster protections for owners of securities, digital assets, and investment accounts that are not subject to ERISA. The Safeguarding Americans’ Fairly Earned Retirement Act of 2026 (SAFER Act), introduced on April 16, 2026, includes provisions that would minimize premature escheatment of Read more
This webinar will walk through six essential steps in the unclaimed property reporting process, from data review and due diligence through remittance and record retention. Attendees will gain practical insights into common challenges and best practices. Register here today!
Join MarketSphere for an insightful session on August 14th at 1 pm CDT that explores the hidden risks and overlooked liabilities tied to unclaimed property and retirement plans — two areas that can have significant post-transaction consequences if not properly addressed. Click Here to Register!
Death is a factor in triggering escheatment in many situations. For example, death is a trigger for Roth IRAs in most states. States are also increasingly adding provisions in their unclaimed property laws that utilize death as a dormancy trigger. For certain property types in some states, dormancy periods will Read more
Whether a plan is protected under ERISA and is not likely to be subject to the unclaimed property laws of the states is a threshold question for unclaimed property compliance. However, regardless of whether unclaimed funds will be ultimately reported to the state as unclaimed property, searching for missing plan Read more
If your organization places a value on customer retention and would like to reduce your overall escheatment and due diligence expenses, now is the time to commence an outreach program to dormant account owners. There is still time to make contact with customers prior to the fall escheatment cycle, and Read more
Life insurance benefits can go unclaimed for several reasons, such as if the insurer loses contact with an insured, is not aware that an insured has died, or is unable to locate any beneficiaries. Both the insurance laws and the unclaimed property laws require the reporting and remitting of unclaimed Read more