Current through September 17, 2024
Section 303-9-004 - Cost of Search Methods004.01 The costs of using the search services described in 003.02 may be administratively charged to the missing participant's account. Such costs, if assessed, shall include reasonable charges associated with the search methods utilized.004.02 The Director will consider the size of a missing participant's account balance in relation to the costs of the search method utilized when deciding whether the use of such services are appropriate. If the cost of a search method utilized is (a) less than $200 and (b) less than 10% of a missing participant's account balance, then such cost may be considered by the Director as a reasonable expense in locating the missing participant. 004.03 Some search methods described in 003.02 involve a nominal expense and because there is a significant potential for effectiveness in locating the missing participant, NPERS will utilize such search methods, regardless of the size of the missing participant's account balance, or reasonableness limits described in subsection 004.02.303 Neb. Admin. Code, ch. 9, § 004