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]
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. [continue reading]
