Guest APensionGuy Posted July 13, 2007 Report Share Posted July 13, 2007 I deal primarily in DB plans, and am getting more experience in the DC area, so I always like to double check things I can't find in writing. We have a potential new client that had a safe harbor 401k. I think that due to his lack of education on how the plan worked, he got frustrated with his TPA and adopted a resolution to terminate the plan in May 2007. As I understand it, none of the participants have made distribution elections yet, though they were notified of the plan termination. To add confusion to the mix, the client has a new financial advisor who thinks the plan is a good deal for him, and would like to salvage it if possible. In a 401(k), can you simply adopt another resolution revoking the termination provided that the participants remain 100% vested? Anyone know where I can obtain more information? Thanks! Link to comment Share on other sites More sharing options...
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