John A Posted October 20, 1999 Report Share Posted October 20, 1999 Can a 401(k) profit sharing plan be terminated retroactively? If so, are there any limitations on when termination amendment must be adopted (such as by 2 1/2 months after end of plan year)? Link to comment Share on other sites More sharing options...
PensionPro Posted April 25, 2016 Report Share Posted April 25, 2016 IRM says, The proposed termination date may not be retroactive except when it will not reduce any participant's accrued benefit. So it sounds like esp with a PSP you could have a retroactive plan term date. Any thoughts? PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
K2retire Posted April 25, 2016 Report Share Posted April 25, 2016 How do you retroactively notify employees that they won't be able to defer? Isn't that notice required 30-60 prospectively? Link to comment Share on other sites More sharing options...
PensionPro Posted April 25, 2016 Report Share Posted April 25, 2016 I see the original post referenced a 401(k) PSP but I am dealing with a standalone PSP as well as a non-PBGC DB plan. PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
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