thepensionmaven Posted December 8, 2000 Report Share Posted December 8, 2000 Our firm has been involved with a PBGC audit of a terminated plan for over a year. We have to pay out some additional funds due to changes in interest rates. Plan has been terminated, all accounts closed, some of the participants are not employees. How do the people get paid if there are no more plan accounts? From the corporation as non employee compensation, and then given a 1099 MISC?? It seems ludicrous to open up plan accounts when the plan has been closed for almost 2 years. I asked the auditor who told me "it is a legal question, and I do not have the answer." Link to comment Share on other sites More sharing options...
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