びびなび : ワシントンDC : (アメリカ合衆国) Washington DC

You are subscribed to OPA News Releases for United States Department of Labor. This information has recently been updated, and is now available.

US Department of Labor announces enforcement relief on missing participant retirement benefits sent to state unclaimed property funds [ http://www.dol.gov/newsroom/releases/ebsa/ebsa20250114-0 ] 01/14/2025 07:00 AM EST
WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration today announced an enforcement relief policy to provide retirement plan fiduciaries with an option to help manage small benefit amounts owed to individuals who cannot be located.Under the policy, the department will not take action under the fiduciary duty provisions of the Employee Retirement Income Security Act against fiduciaries who transfer entire benefit payments owed to missing participants of $1,000 or less to state unclaimed property funds, if certain conditions are met.“This policy gives fiduciaries an additional option for handling small outstanding retirement benefit payments owed to missing participants and beneficiaries,” said Assistant Secretary for Employee Benefits Security Lisa M. Gomez. “Our goal is to reunite participants and beneficiaries with their retirement benefits and this new policy will support fiduciaries’ ability to choose this option when prudent and provide individuals with another option for finding benefits that may be owed to them.”To qualify for relief under this policy, fiduciaries must meet the conditions set forth in the policy, including:Meeting conditions designed to protect the interests of the missing individuals. Adopting best practices for locating missing participants and beneficiaries. Selecting state unclaimed property funds that meet the minimum standards outlined in the policy.To learn more about the new policy, read Field Assistance Bulletin 2025-01: “Missing Participants and Beneficiaries—Small Retirement Benefit Payments Transferred to State Unclaimed Property Funds From Ongoing Pension Plans.” Persons with questions may contact EBSA’s Office of Regulations and Interpretations at (202) 693-8500.  body { font-size: 1em; font-family: Arial, Verdana, sans-serif; font-weight: normal; font-style: normal; color: #333333; }
________________________________________________________________________

DOL Seal [ https://www.dol.gov ]



Questions? Contact Us [ https://www.dol.gov/general/contact ]



STAY CONNECTED: Visit Us on Facebook [ https://www.facebook.com/DepartmentOfLabor ] Visit Us on Twitter [ https://twitter.com/usdol ] Visit Us on YouTube [ https://www.youtube.com/user/USDepartmentofLabor ] Sign up for email updates [ https://public.govdelivery.com/accounts/USDOL/subscriber/new ] RSS Feeds [ http://www.dol.gov/rss/ ] Blog [ https://blog.dol.gov/ ]

Bookmark and Share [ https://content.govdelivery.com/accounts/USDOL/bulletins/3ccb44c?reqfrom=share ]

SUBSCRIBER SERVICES: Manage Preferences [ https://public.govdelivery.com/accounts/USDOL/subscriber/edit?preferences=true#tab1 ]  |  Unsubscribe [ https://public.govdelivery.com/accounts/USDOL/subscriber/one_click_unsubscribe?verification=5.fb1cd888a492400073f7c084811d05ca&destination=mshinji3056%40gmail.com ]  |  Help [ https://subscriberhelp.govdelivery.com/ ] Got this as a forward? Sign up [ https://public.govdelivery.com/accounts/USDOL/subscriber/topics?qsp=CODE_RED%20. ] to receive our future emails.

________________________________________________________________________

This email was sent to mshinji3056@gmail.com using GovDelivery Communications Cloud on behalf of: United States Department of Labor · 200 Constitution Ave NW · Washington, DC 20210 · 1-866-4-USA-DOL (1-866-487-2365) GovDelivery logo [ https://subscriberhelp.granicus.com/ ]
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}