In 2024 alone, over 20,000 BeneSearch reports were completed – resulting in saving homes from foreclosure and providing life-saving medical benefits. In a recent webinar, we took a closer look into identifying and finding beneficiaries and discussed: Why locating beneficiaries is a complicated process. How BeneSearch dives deep to [continue reading]
The Berwyn Group isn’t just participating in the death audit industry’s evolution – we are leading it. We are thrilled to release a new death audit solution that redefines the way organizations identify decedents with CertiDeath® Paragon™. During a March 2025 webinar, we discussed how CertiDeath Paragon significantly reduces [continue reading]
With upcoming Required Minimum Distribution (RMD) changes on the horizon, plan administrators are shifting their focus from death dates to birthdates—because even static data points like birthdates can pose challenges if they’re incorrect. With the RMD age increase going into effect on April 1, 2025, accurate participant records have never [continue reading]
Recent discussions about data accuracy in retirement systems have captured widespread attention, bringing renewed focus to the broader issue of maintaining up-to-date retiree records. The challenge of managing participant data and keeping records accurate is a very real concern. With over 30 years of assisting plans in managing their [continue reading]
Tierney brings valuable experience to lead the newly formed team dedicated to pension management and security at Berwyn. [Independence, Ohio] -- The Berwyn Group (Berwyn), the leader in death audit, locate services and population management announces the addition of Ryk Tierney as general manager of the Berwyn pension team. The [continue reading]
The Annual Funding Notice (AFN) is a required yearly notice defined benefit pension plans send to their participants and beneficiaries that provides updates on the financial status of the pension plan. The Department of Labor (DOL) provides templates on their website with guidance on what information should be included such [continue reading]
Unreported deaths are increasing. The decline of the Death Master File and the rise of disparate data sources have made it more challenging than ever for pension plans to identify decedents and locate missing participants/beneficiaries. But inaccurate data can lead to costly overpayments that could threaten the longevity of [continue reading]
Pension plans and insurance companies have a lot on their plate, so it isn’t uncommon for their death audit process to get overlooked. It may often be seen as checking a box to make sure there’s some form of a death audit process in place. However, not taking a [continue reading]
We often hear from organizations that run an annual or semi-annual death audit and think they are doing enough. However, they are likely choosing a path that ends up costing them more in overpayments and time. It’s important to have continuous monitoring of your population and take a proactive approach. [continue reading]
Pension plan participant management is more challenging than ever. That’s why we’ve put together four quick tips for plan administrators to help better manage their plan: Tip #1: It starts with an accurate and validated death audit. Finding all decedents requires massive amounts of resources, skills and time – simply [continue reading]
