The National Registry is useful for all Plan Sponsors, regardless of whether or not the funds are transferred to PenChecks Trust.
Unresponsive and lost participants increase plan costs and fiduciary risk.
The National Registry provides a fast, simple and secure platform for helping to locate former employees
and close out their accounts by transferring them to a DOL-compliant “Default /Auto Rollover IRA program
that lets you pay them out and safely remove them from your plan. This will enable you to transfer their funds
out of the plan to a DOL-compliant Default/Auto Rollover IRA with PenChecks Trust.
As a registered user, you can:
Add participant records to the database
- Manage your account
- Receive automatic email notifications when a former employee you registered in the database performs a search in the system
Register, verify, and log in… it's that simple. Registering only takes a few minutes!
The National Registry is a free public-service
website designed to help you connect with former employees whose account
balance was transferred to a Default/Auto Rollover IRA or who still have
active accounts in your plan because their account value exceeds $5,000.
There are no costs to plan sponsor to set up an account and no fees to list participants.
To protect your information and the plan participant’s
identity, the National Registry complies with the strict web security standards,
including the proven, effective technologies for encrypting all Personally
Identifiable Information in our database.
The National Registry increases the chances of locating missing or
non-responsive plan participants and reuniting them with their retirement
funds while reducing your fiduciary risk.
Open Your Free Account Today!
Have any questions? To visit our FAQ page, Click here