In the News

DOL Urges Recoupment of Uncashed Checks from Prior Recordkeepers, Plan Sponsor

Friday, August 13, 2021

Partner Matt Hawes was quoted by Plan Sponsor about recent US Department of Labor (DOL) guidance for plan sponsors on how to address uncashed distribution checks. “The DOL has been reaching out even on very small benefits,” Matt said. “The DOL’s view is clear here, in that they don’t care about the number of digits — they care about the underlying issue.” Matt and associate Emily Rickard’s ML BeneBits blog post was extensively quoted as well.

This development was also covered by Investment News.

Read the full Plan Sponsor article >>