Tuesday, September 24, 2019

Reduce Costs, Risks Associated with Former Employees’ Accounts

You can reduce the time and costs associated with maintaining the accounts of former employees by either rolling over small balances into IRAs or making cash payouts. Contact your Client Service Team to review your plan provisions and options, including ways to
  • cut plan expenses
  • limit administrative tasks
  • avoid unnecessary tracking of former employees
  • help manage fiduciary risk