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DOL Missing Participants Guidance Explained Further

January 27, 2021 Media Mentions

In January, the U.S. Department of Labor's (DOL) Employee Benefits Security Administration issued guidance on missing retirement plan participants. PLANSPONSOR published an article, "Sponsors Should Understand How to Use DOL Guidance on Missing Participants," describing this guidance and how there are still some unanswered questions. A snippet from employee benefits attorney Kim Couch's blog post on the topic was mentioned in the article:

"Although plan fiduciaries may delegate recordkeeping, participant communication and missing participant searches to third-party administrators [TPAs], plan fiduciaries must ensure that the delegate has established and is following sound procedures. Plan fiduciaries are ultimately responsible for ensuring benefits are paid accurately and timely under the retirement plan."

Click here for the full PLANSPONSOR article here.

For Kim Couch's two blog posts on the topics on our Benefits Law Update blog, see below:

DOL Guidance on Missing Pension Plan Participants

DOL Guidance on Missing Pension Plan Participants - Part II

Firm Highlights

Matter

Copyright Litigation: Software

Defended equipment manufacturer in copyright dispute involving firmware for digital subscriber line access multiplexers (“DSLAMs”). Case resolved favorably.

Publication/Podcast

Can Nonprofits Require COVID-19 Vaccines?

On June 10, employment and labor attorney Tawny Alvarez spoke with Maine Association of Nonprofits for its blog post "Help Desk FAQ: Can Nonprofits Require COVID-19 Vaccines?" As MANP continues to receive questions from...

News

Maine's Evolving Economy and the Future of Remote Work

On June 8, Maine Public published "The Future of Remote Work: The Outlook for Maine Employers and Workers As Offices Re-Open," covering its Maine’s Evolving Economy series that focuses on the shifts in Maine’s...

Blog

Maine Legislature Adopts Major Revision to Its Net Energy Billing Program

On July 1, 2021, LD 936, An Act To Amend State Laws Relating to Net Energy Billing and the Procurement of Distributed Generation became law after Maine Governor Janet Mills allowed the legislatively enacted...

Event

MAME's 32nd Annual Scholarship Golf Tournament

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Matter

Trademark Litigation: Software

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Blog

Massachusetts Now Requires Paid COVID-19 Leave for all Employees

Massachusetts now requires all employers, regardless of size, with Massachusetts employees to offer employees paid, job-protected leave for certain COVID-19-related reasons, including to get or recover from a COVID-19 vaccine. Massachusetts also has established...

News

Advice from Former Portland Charter Commission

On June 23, Portland Phoenix published an article, "Those who have been there predict Portland Charter Commission faces steep learning curve," discussing the organizational meeting with Portland's newly elected Charter Commission. In the meeting...

Publication/Podcast

Portland Maine Business Podcast with Tawny Alvarez

On this week's Portland Maine Business Podcast , a podcast with Shelby Turcotte of Shelby Trained, he interviews employment and labor attorney Tawny Alvarez who shares stories that contributed to shaping her as a...

Blog

Future of Non-Competes: Insights into Executive Order Promoting Competition in the American Economy

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