Check your former employees’ balances. You may find there are people you could not roll out before, but now you can.
SECURE 2.0 has raised the mandatory rollover limit from $5K to $7K as of 2024. This means that if an employee has a vested balance of less than $7K you can roll over their account to an IRA … even if they do not respond to your attempts to contact them to request that they take their money out of the plan.
Is your retirement plan saddled with old ex-employees who won’t take their money and run? Ask the professional retirement plan consultants at Concierge Retirement Services how SECURE 2.0 and other changes in the rules can bring you opportunity.