Keane's Unclaimed Property Blog

Unclaimed Property (48 articles)

Further Scrutiny From Above? More Eyes on Retirement Savings Plans as the Advisory Council to the DOL Prepares to Review Uncashed Checks from ERISA Plans

Further Scrutiny From Above?  More Eyes on Retirement Savings Plans as the Advisory Council to the DOL Prepares to Review Uncashed Checks from ERISA Plans

Unclaimed Property

The 2019 Advisory Council on Employee Welfare and Pension Benefit Plans, which supports and advises the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA), will soon be reviewing the procedures used by the states to determine whether the voluntary transfer of uncashed distribution checks to the states’ unclaimed property funds is advancing the DOL’s […]

Read More ›


Accounting for Unclaimed Property

Abandoned Property, Compliance, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Escheatment is the process of remitting an asset to the state of the address of record as unclaimed property. When not correctly managed and reported, the historic unclaimed property liability coupled with the risk of state audits – and subsequent fines and penalties for non-compliance – become material to your annual reviews, findings, and ultimate opinions. And, given the […]

Read More ›


Gift Card Escheatment Laws

Abandoned Property, Abandoned Property Law, Compliance, Dormancy Periods, Escheat Law, Escheatment, Gift Card Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Update 2019: Are gift cards escheatable? Unfortunately, the answer is not simple as each state and territory have different unclaimed property laws regarding gift cards and the time before escheatment. These differences in state laws impact gift card breakage, the revenue companies gain through unredeemed gift cards. The Electronic Funds Transfer Act and the Consumer […]

Read More ›


Now Available: KeaNotes Unclaimed Property Newsletter – Winter/Spring Edition

Now Available: KeaNotes Unclaimed Property Newsletter – Winter/Spring Edition

Compliance, Other News, Unclaimed Property

KeaNotes – our premier unclaimed property newsletter is now available! Our Winter/Spring 2014 issue of KeaNotes is packed with the latest industry news, unclaimed property trends, and compliance updates from Keane’s team of unclaimed property experts. On the cover of our unclaimed property newsletter is a question facing many insurance carriers today, “To GRA, or […]

Read More ›


I'm looking for information on...