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Unclaimed Retirement Benefits: Unique Website

[ 1 ] Jul. 25, 2011 | SBO Editor

The National Registry, a nation-wide public service company, provides a secure database service designed to support fiduciaries and custodians holding retirement benefits that have been left in the plan, unclaimed by missing former participants, or have been set up as a Default IRA.

It is a free service to the Fiduciary or the Institution to register the former participant and for the participant that is trying to locate their unclaimed funds. It is a secure website designed to help both employers and former employees. Employers can register names for free of former employees who have left money in the plan or who have had a Default IRA established on their behalf. Former employees can perform a free, secure search to determine if they are entitled to any unpaid retirement account money. This website contributes greatly to fiduciaries meeting their obligation to see that these unclaimed benefits are re-connected with the former participant.

NRURBĀ® is a free public service established, operated, and monitored by PenChecks, Inc. since 2005. For more information, go to http://www.unclaimedretirementbenefits.com or call (877) 462 2745.

PenChecks, Inc. was established in 1994 and has become the Nation’s largest independent processor of benefit payments from ERISA-Qualified and Non-Qualified Plans, recurring benefit payments, participant loan distribution processing, and the largest administrator of Default/Missing Participant IRA’s. paying. For more information, please visit PenChecks at: http://www.penchecks.com or call 800.541.3938.

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Category: Features

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