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ERISA25

Termination of VEBA

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What is the process for termination? Is there a formal process for paying excess assets (i.e. a certain method for paying such excess assets)? I gather that one would have to pay in accordance with Trust and Treas. Reg. 1.501©(9)-4; have sponsor adopt termination (is that termination of plan or VEBA); and file final Form 990 and 5500.

Any thoughts on this process? Thanks.

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What is the process for termination? Is there a formal process for paying excess assets (i.e. a certain method for paying such excess assets)? I gather that one would have to pay in accordance with Trust and Treas. Reg. 1.501©(9)-4; have sponsor adopt termination (is that termination of plan or VEBA); and file final Form 990 and 5500.

Any thoughts on this process? Thanks.

Also, check the VEBA document for what it provides about how to apply excess assets upon termination.

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