In this article, the authors delve into the Department of Labor’s temporary ERISA enforcement policy for unclaimed retirement benefit payments of $1,000 or less.
The Department of Labor (DOL) has announced a temporary enforcement policy under the Employee Retirement Income Security Act of 1974 (ERISA) allowing plan fiduciaries of retirement plans subject to ERISA to voluntarily pay over to a state unclaimed property fund retirement benefits of $1,000 or less if certain prerequisites are established.
Originally published in Employee Relations Law Journal, Summer 2025, Volume 51, Number 1, pages 36–40.
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