The National Institute of Pension Administrators (NIPA) annual conference was held April 26th to 29th in Las Vegas. Based on our conversations with many of the third-party administrators (TPAs) and pension professionals in attendance, it was a beneficial, educational experience for everyone. The majority of these service providers indicated that they are “often the ones on the ‘front lines’ handling issues along with the plan sponsor”. This includes dealing with the growing concerns around missing or terminated participants. Whether you’re talking about a plan termination or managing the terminated participant population within an active plan, there is a fiduciary responsibility to locate and communicate in a timely fashion with plan participants. When the plan sponsor is confronted with these issues, they will often turn to their TPA for assistance. As a result TPAs are very interested in best practices and solutions surrounding this pressing topic. (more…)
NIPA Review: Plan Sponsors Turn to TPAs for Help with Missing Participants
By: RCP Solutions on May 18, 2009
Posted in: Missing Participants / Plan Sponsors / Third-Party Administrators

