DOL Safe Harbor

In 2004, the Department of Labor finalized rules allowing Plan Sponsors a "Safe Harbor" for rolling missing participant account distributions to IRAs. 


An Auto-Rollover (Safe Harbor) IRA is set up for each missing participant at GoldStar. The funds are placed in an FDIC-insured demand deposit account within the IRA. 



GoldStar Trust becomes responsible for locating missing participants and reuniting them with their retirement funds. We'll also handle the initial notification mailing required by the DOL.