Retirement Savings Plan Summary Plan Description
8.5 Lost Participant or Beneficiary
If the Plan Office is unable to locate you or your beneficiary (for example, your annual statement is returned in the mail and the Plan Office cannot determine your address), the Plan will not be able to pay out your account. Although the Plan Office will make attempts to locate you or your beneficiary before the date by which distributions must commence, the tax code imposes penalty taxes on participants and beneficiaries for failing the required minimum distribution rules discussed in Sections 6.4 and 7.2. You and/or your beneficiary will be responsible for paying those penalty taxes. You can avoid them by making sure the Plan Office has your or your beneficiary's most recent mailing address.