A new report from the Government Accountability Office (GAO) calls on federal regulators to clarify the rules regarding the transfers of unclaimed savings from employer-based 401(k) plans to the states.
In this edition of Washington Insights, we explore the findings and recommendations in the GAO report, as well as the unexpected manner in which accounts may be considered to be “abandoned” for purposes of some state laws on “escheatment” (i.e., forfeiture).
In this edition of Washington Insights, we address two retirement-related topics in the news recently.
First, we will review proposed hardship regulations issued in November 2018.
Second, we will take a look at the recent concern over the status and viability of multiemployer pension plans.