2019 Advisory Council on Employee Welfare and Pension Benefit Plans Permissive Transfers of Uncashed checks from ERISA Plans to State Unclaimed Property Funds

This document is the testimony provided by George M. Sepsakos and Kevin L. Walsh of the Groom Law Group before the ERISA Advisory Council on the issue of permissive transfers of uncashed checks from ERISA plans to state unclaimed property funds. It discusses the uncashed check problem, existing Department of Labor guidance, and provides recommendations for potential solutions, including the need for clear regulatory guidance.