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In broadening employer eligibility for MEPs to include locality, the DOL proposal introduces the prospect of chambers of commerce as sponsors of retirement plans for their members. (Photo: Mike Scarcella/ALM)
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Missing retirement plan participants? DOL ramping up efforts to locate lost employees
The DOL is asking Congress for $5 million to establish a dedicated program, led by the Employee Benefits Security Administration, which recovered more than $1.5 billion in lost benefits for missing participants in 2021.
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