Retirement Plan Sponsors and Service Providers – What You Need to Know About Missing Participants
February 22, 2022
Media Mentions
PLANSPONSOR
Verrill partner Kimberly Couch was recently featured in the PLANSPONSOR article “The Process for Issuing RMDs When Participants Are ‘Missing.'" The article discusses the steps that retirement plan sponsors and service providers must follow to find missing participants and ensure all required minimum distribution payments are made and penalties are avoided. Couch commented, “Failure to do so can lead to the plan losing its favorable IRS tax treatment and could even end in plan disqualification.”
