benpat3 Posted May 29, 2008 Report Share Posted May 29, 2008 Can any provide a brief outline of the steps/requirements for terminating a health and welfare plan? Basically, all I see is that the plan sponsor must follow the amendment procedures in the plan document, make a formal written plan amendment terminating the plan, provide notification to participants, distribute the plan assets according to the terms of the plan and ERISA, file a final Form 5500 and distribute a final SAR. It appears the requirements are far less than with a DC or DB plan and that basically there is not much to it. I know my outline above is extremely simplistic, but is it basically correct or am I missing anything? Does anyone know of any guidance on the matter? Thanks Benjamin Smith Senior Manager - Indirect Tax Ernst & Young 317.681.7495 Benjamin.Smith@ey.com Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now