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Notice to Interest Parties - frozen plan - mass withdrawal


Guest Serafina
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Guest Serafina

I have a defined benefit plan that has been frozen for more than a decade. It experienced a mass withdrawal and termination a decade ago as well. The plan is insolvent and is administered by the PBGC. Is a NIP required?

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Pardon my confusion. What does it mean that you "have a DB plan" that has been taken over by the PBGC?

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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