Working Together to Address Inactive Accounts.

Dec 17, 2018

An important issue facing retirement plans today is the matter of inactive accounts — participants who have never logged on since BPAS initially provided them with an initial PIN. To help our clients mitigate risk to these accounts, BPAS has done two things. First, we’ve created a special report, found in the plan sponsor website Resource Center, that identifies participants with inactive accounts in the plan. Second, we’ve created a special targeted participant communication (also found in the Resource Center) that employers can provide to these individuals, asking them to log on to update important information. For additional details, please view the attached security update communication. If you have questions, please contact your Plan Consultant at BPAS.