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Terminating a MP plan to start DB plan


dmb

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Can a one life calendar year standardized MP plan terminate currently, adopt a DB plan for 2001 and fund only the DB plan for 2001??? I'm thinking this since a DB plan is considered a greater benefit than a MP plan.

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  • 1 month later...
Guest Gregory

I believe it depends upon your plan's provision relating to a last day of service rule.

Because your standardized plan doesn't have one, I think you are stuck with the MP plan for 2001.

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