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GAO: Stranded 401(k) Assets Too Hard to Recover
“The Department of Labor needs to push employers harder to find lost retirement plan participants, the General Accountability Office urged in a report today.” So says a post by Forbes contributor Ted Knutson on www.forbes.com. Citing situations in which job changes, employer restructurings, and strings of plan mergers have obscured the landscape, a report by the Government Accountability Office urges the IRS to become involved in assisting workers and employers to resolve the problem. Read Knutson’s post here…
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