{"id":1256,"date":"2018-07-17T08:01:01","date_gmt":"2018-07-17T13:01:01","guid":{"rendered":"https:\/\/www.rixtrema.com\/blog\/?p=1256"},"modified":"2020-02-22T06:37:22","modified_gmt":"2020-02-22T11:37:22","slug":"advisors-have-a-key-role-to-play-when-it-comes-to-helping-clients-ensure-compliance","status":"publish","type":"post","link":"https:\/\/rixtrema.com\/blog\/advisors-have-a-key-role-to-play-when-it-comes-to-helping-clients-ensure-compliance\/","title":{"rendered":"Advisors have a key role to play when it comes to helping clients ensure compliance."},"content":{"rendered":"

SOURCE:\u00a0planadviser.com<\/a><\/span><\/p>\n

A recent web seminar covered the topic of missing participants with Mercer experts Margaret Berger, principal, Princeton, New Jersey, Brian Kearney, principal, Washington, D.C., Norma Shaiara, principal, Washington, D.C.<\/span><\/p>\n

Dealing with missing participants is a big issue for defined benefit (DB) and defined contribution (DC) retirement plans. Sponsors of ongoing retirement plans (including frozen plans) may need to rethink their procedures for tracking down missing participants in light of the Department of Labor\u2019s (DOL)\u2019s expanded audit initiative and Internal Revenue Service\u2019s (IRS)\u2019s recent informal guidance.<\/span><\/p>\n

Over the last few years, Congress, the Governmental Accountability Office (GAO) and all three federal agencies that regulate retirement plans have been focusing on missing participants according to Shaiara. \u201cThis comes at the time of the silver tsunami, when Baby Boomers are retiring at a rate of ten thousand per day. This increasing number of participants turning 65 or 70.5 are required to take their defined benefit or defined contribution benefits.\u201d<\/span><\/p>\n

Continue reading here.<\/a><\/span><\/span><\/p>\n

Explore powerful financial advisor tools Larkspur-Rixtrema has to offer with a personalized tour:<\/em><\/strong><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SOURCE:\u00a0planadviser.com A recent web seminar covered the topic of missing participants with Mercer experts Margaret Berger, principal, Princeton, New Jersey, Brian Kearney, principal, Washington, D.C., Norma Shaiara, principal, Washington, D.C. Dealing with missing participants is a big issue for defined benefit (DB) and defined contribution (DC) retirement plans. Sponsors of ongoing retirement plans (including frozen… <\/p>\n

<\/div>\n

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