Keane's Unclaimed Property Blog

Compliance (297 articles)

Most state estimates suggest that only 15 to 35 percent of companies are in full compliance with unclaimed property laws, and even those who are in compliance technically may be underreporting because they aren’t correctly interpreting what the law requires. Here you will find best practices and articles to help you comply with unclaimed property rules and regulations.

A Game of Gotcha: Delaware’s Audit Estimation Method Ruled Violation of Due Process

A Game of Gotcha: Delaware’s Audit Estimation Method Ruled Violation of Due Process

Compliance, Unclaimed Property Audit

While seemingly just another Tuesday, the Federal District Court for Delaware determined that Delaware’s audit estimation method and other practices relating to the Temple-Inland examination violated the due process clause of the Fourteenth amendment of the United States Constitution. The decision rendered is a critical one for the unclaimed property holder community.

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Retirement Savings Lost and Found Act to Target Lost 401ks

Retirement Savings Lost and Found Act to Target Lost 401ks

Compliance

On June 21st, United States Congresswoman Elizabeth Warren (D-MA) and Congressman Steve Daines (R-MT) introduced Senate Bill 3078 which would create the “Retirement Savings Lost and Found Act” (“RSLFA”). The legislation is based on the assertions made in a March 2015 TIAA-CREF Survey Report indicating that of all respondents to the survey, thirty percent (30%) […]

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