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What plan amendment is needed for an ESOP's termination?


Peter Gulia
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An employee stock ownership plan was most recently amended in January 2017 (and then included everything through the “2016 Required Amendments List for Qualified Retirement Plans”) .

The employer/sponsor/administrator anticipates ending the plan and paying its final distributions in 2019.

Beyond stating the discontinuance and termination, is there any plan amendment needed to tax-qualify the plan for its end?

 

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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Answering my own question:

 

My quick look at

the 2017 Required Amendments List https://www.irs.gov/irb/2017-52_IRB#NOT-2017-72

and the Operational Compliance List https://www.irs.gov/retirement-plans/operational-compliance-list

 

suggest nothing is needed.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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