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Trust earnings paid 5 years after termination and "final" di


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Plan terminated 5 years ago. All assets were distributed, at least, that is what the trustees thought. Now, as result of a class action settlement, the trustee has received a check for $325. Must the trustee locate all 20 former participants and distribute to each their share? A successor corporation has started a new plan in which some of the old plan's participants now participate. Could the trustee simply add the money to this plan?

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I'll be glad to send an invoice for services rendered. Just let me know where to mail it.

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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