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Employee Benefits

DOL aims to connect retirement plan funds with missing beneficiaries

April 06, 2023 Reprints

The Department of Labor is asking Congress for $5 million and 22 full-time employees in its 2024 budget to establish a dedicated program to ensure that missing retirement plan participants receive their benefits, BenefitsPro reports. The budget request outlines investigative efforts to be led by the Employee Benefits Security Administration aimed at improving economic equity and allowing the agency to focus on vulnerable missing participants.

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DOL aims to connect retirement plan funds with missing beneficiaries

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