An effective uncashed distribution check policy is vital for defined contribution plan sponsors.

Having a documented uncashed distribution check resolution policy is about fulfilling a plan sponsor’s fiduciary duty to act in the best interests of plan participants, and to ensure that they receive benefits they are owed.  It not only guides a plan sponsor’s actions, but it can also signal to regulatory agencies that a sponsor is serious about undertaking reasonable efforts to resolve uncashed distribution checks. 

DISCLAIMER: This is a sample policy and is not legal advice.  It should be modified to comply with the specific terms of your plan document and applicable laws. You should consult with a qualified plan administrator or legal professional to ensure your policy is compliant and effective.

Complete the form below to get your free copy. 

Resource Download