Historically, individuals and businesses in the United States have relied on postmarks to provide an official record of the date and location that letters and packages were accepted by the U.S. Postal Service. When filing tax returns, voting by mail, and conducting other business that requires action by specific deadlines, Read more
When employees quit a job, move to another company or are laid off, they often leave behind a 401(k) or pension account. If they subscribe to the prevalent view that retirement funds should be invested and then left alone until retirement age, they may intentionally ignore the account until they Read more
H.R 5325, a bipartisan bill also known as the Unclaimed Retirement Rescue Plan, was introduced on September 11, 2025, and would direct the Department of Labor (“DOL”) to promulgate a regulation allowing pension plans and other fiduciaries to voluntarily transfer certain unclaimed retirement distributions valued up to $5,000 to state Read more
In 2017, the U.S. Department of Labor (DOL) launched its Terminated Vested Participants Project (TVPP). The TVPP aims to ensure that defined benefit pension plans: Maintain adequate records regarding plan participants. Have appropriate procedures for advising participants with vested accrued benefits of their eligibility to apply for benefits as they Read more
When companies expand by acquiring other businesses, they need to consider a myriad of factors. The valuation, deal structure, regulatory issues, post-merger goals and personnel integration are high-level issues requiring substantial attention. It may be easy to overlook some of the less pressing considerations, like what to do with the Read more
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!
Earlier this year, the Department of Labor (DOL) issued Field Assistance Bulletin No. 2025-1, establishing a temporary non-enforcement policy that permits plan fiduciaries to escheat small retirement benefit payments – $1,000 or less – to qualifying state unclaimed property funds. This provides a new option for certain ERISA-covered retirement benefits Read more
Many plan sponsors believe they are “covered” for lost participants, missing beneficiaries, and uncashed checks through their plan intermediaries. Join us to explore your responsibilities and fulfill your fiduciary duties to participants and beneficiaries. Click Here to Register!
On January 14, 2025, the Department of Labor (DOL) issued new guidance (FAB), which provides, a temporarily measure, without penalty, whereby retirement plan fiduciaries may voluntarily transfer ERISA covered retirement benefit payments of $1,000 or less (including uncashed checks) owed to missing plan participants or beneficiaries to state unclaimed property Read more
MarketSphere’s Retirement Reunification team is looking forward to connecting with you at the 71st Annual Employee Benefits Conference in Honolulu, Hawaii at booth #108 from November 9 – 12, 2025. Challenge yourself to dig in, learn something new, and take your fund to the next level!