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Plan Termination Notice


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We have a small 401k PS Plan that is terminating, I know a resolution is needed for termination. However, I am unclear what type of notice is required for participants in a DC plan. Are they required to receive the 204h notice reduction of benefits? Is there any other notices that they need stating the plan is terminating?

Thanks all.

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No 204(h) notice is required.

If you are submitting for a DL you need the Notice to Interest Parties.

We give an SMM that says plan is terminated as of X date and your are 100% vested in you account as of X date along with a withdrawal package that says return this completed withdrawal form within Y days or we may rollover your balance to an IRA as the Plan is now terminated, assuming no annuity language is in the Plan.

Hope this helps.

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