Overpayments: Regulations, Response, and Ramifications – Webinar Recap
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 the fund. In our webinar, industry […]
We find over 96% of deaths. Here’s the proof.
It seems more and more death matching services are making claims about how many deaths they find while presenting nothing to back up their numbers. At Berwyn, we do an analysis every year to make sure our CertiDeath® claims are current and verified. In fact, our most recent analysis revealed an increase in the percentage […]
Why a one-time-run death audit service is not enough.
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. Here’s why: Deaths occur constantly […]
How missing and inaccurate participant data impacts a death audit
The Death Master File (DMF) data continues to decline each year. In 2023, the DMF only provided 16% of death records. This degradation has caused conducting death audits for pension plans a much more complex task. Death audits now require the aggregation of thousands of data sources, primarily obituaries. Obituaries are a non-uniform data source […]