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A four-step plan to cull 401(k) rolls of the accounts of terminated employees

RIAs can step in and add immediate value to a plan by purging these accounts that drain time, add costs and compromise efficiency

Wednesday, May 28, 2014 – 3:08 AM by Guest Columnist Robert J. Leahy
Admin:
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Robert Leahy: Anytime you have participant inertia combined with plan sponsor apathy, things are likely to get bogged down.


the frank adviser

the frank adviser

May 28, 2014 — 6:47 PM

Good article. I have found that the reason most of these people continue to be carried on the roles of 401(k) plans is because of incorrect addresses. With the IRS stopping it’s letter forwarding program in mid-2012, what is the most efficient way of finding/communicating with these participants?

401(k) Educator

401(k) Educator

May 30, 2014 — 8:06 PM

Wonderful article, Mr. Leahy. I’ve been in the retirement plan industry (educating and enrolling participants) for almost eight years now and it’s refreshing to read such a well written article on a topic that doesn’t get a lot of attention. I even learned a few things in the process. :) Keep articles like this one coming!

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