Enda80
Jan 10 2009, 07:05 AM
Terminating a retirement plan; what must one do?
What must one do when one terminates a retirement without restating or amending it to get it qualified? I know one would have to pay early distribution fees and could not do a rollover to a qualified plan or IRA, but what else must one do?
QDROphile
Jan 10 2009, 09:49 AM
Call your lawyer to asked what happens when you get sued by employees who did not get the tax qualified benefits that they were promised as a condition of employment?
Jim Chad
Jan 10 2009, 09:51 AM
If i understand this right, the Plan is currently out of qualification. Is this correct? If yes, what is the failure causing it to be "not qualified"?
What kind of plan is it?
About how much are assets?
Any Participants other than the owners and the owners' spouses?
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