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February: Dealing with Uncashed Distribution Checks and Missing Participants

It is estimated that uncashed checks account for billions of dollars, representing a fortune of uncollected funds belonging to plan participants or beneficiaries that they are not able to use and also represent serious issues for fiduciaries.

Uncashed distribution checks occur when retirement plan participants fail to cash or deposit a distribution check from their defined contribution plan.

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Dealing with Uncashed Distribution Checks and Missing Participants

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