Tuesday, September 26, 2017

Roll over participants for simplified reporting

You may be able to trim former employees' accounts with small balances from your plan by either rolling over assets into IRAs or making cash payouts. Contact your Vanguard Retirement Plan Access Client Service Team to review your plan provisions and discuss your options.

This will provide an easy way to:
  • Cut plan expenses
  • Limit certain administrative tasks
  • Avoid unnecessary tracking of former employees