When employees resign or are terminated, what do you do with their small-balance retirement accounts

Content Summary

Uncashed retirement plan distribution checks pose a significant challenge for plan sponsors. Generally, uncashed retirement distribution checks occur when plan participants forget about their retirement account balances with former employers. Many plan sponsors arrange for that money to be distributed via check. Here's why you should rethink that strategy.

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When employees resign or are terminated, what do you do with their small-balance retirement accounts?