Category: Pensions & Benefits

Understanding Nuances of Locating Missing Pension and Benefit Plan Participants Without a Social Security Number

by Thomas C. Lawson, CFE, CII Under Title 29 CFR 4050.4 the diligent effort compliance requirement involves locating missing pension and benefit plan participants based on use of the participant’s social security number (SSN). Having the SSN is very important because the entirety of the file chain is rooted in the SSN. Also having the […]

How to Easily Find Lost Benefit Plan Participants

by Thomas C. Lawson, CFE, CII It is common knowledge that in-house and third-party benefit plan administrators regularly run across lost benefit plan participants for reasons such as an expired forwarding address file, death,etc. Since 1988 the need to locate missing people who terminate employment and have benefits due from a qualified p an has […]