One last thought. If he is the only active participant on 12/31/24, he rolls the last of his assets out just before 12/31/24 and all other participants have a zero balance as of last day of the plan year (112/31/24) can anyone think of a reason not to have a 12/31/24 termination date? I am not anticipating this as they have former employees with sizeable sums of money who have chosen not to (or have at least been too lackadaisical) to distribute.