PS

Thank you once again. So regarding the MRD or RMD the participant can not return the MRD check that he/she received back into the Terminating plan and then take a withdrawal reason being this was not a CVD distribution, though the ACT allows participants to skip the MRD for 2020 correct? another trailing question to MRD is can anyone who is 72 plus can skip the MRD for 2020 or are there any rules/condition that 10 Plan should have opted for CARES- ACT and the individual was victim due to COVID-19 pandemic. Its a very sensitive time and I'm trying my best to provide proper assistance, any guideline would be of great help. Thanks

Thank you Larry. so what I understand is if a participant is having $50,000 he/she will be able to with draw the complete amount if the plan has opted for CVD. however my follow up trailing question is will the person be able to PUT back this money into another qualified 401K plans or IRA account since we are dealing with terminating plans. My last question was in case some one had received a MRD check for 2020 can they return the check and put back the money into the plan though the plan will be terminating and ultimately the person will require to rollover the funds/take distribution.

Hi, I have questions related to CARES-ACT. As per the act eligible participant will be able to withdraw up to $100,000 now if a plan is Terminating and the participant has only $50,000 can the participant withdrawal the complete amount under the CARES-ACT? or does it have any anything specific related to Terminating plan and withdrawal option. As we know the CARES-ACT also talks about RMD, if a participant has received his/her 1st RMD check post the Bill was passed can the person return the check back and deposit into the 401K plan? since the plan is Terminating and the participant will need to take a distribution can the person PUT back the money into the plan and then have it rolled over. Does the RMD apply to anyone who has reached 70 Plus or only the eligible participants as per the bill. Is there anything that I can refer how the CARES-ACT will apply for plans that are Terminating? any portal/website? Thank you and stay safe...

M sorry if m sounding a little doltish, can someoneexplain why n how company B will become company C. Won't it still be company B.

I have one of my client terminating a 401K plan, however there be a spin off and part of the participants from the terminating plan will be moved into a guardian plan. Any idea what a Guardian plan is and will this impact the termination by any way?

Thank you

Is there any website or links that will explain the termination procedure that one needs to follow when the plan is part of a controlled group. Basically can a plan that is part of a controlled group can it Terminate?

I have a terminating plan which I believe is part of a controlled group. The company had a 401k plan and 4-5 years back there was a spin off and some participants were moved to the subsidiary company and set up another 401K plan. now they have decided to terminate the subsidiary company 401K plan, can this be part of the controlled group? if its a controlled group I believe they will not be able to terminate the plan but just do a plan-to-plan rollover. will this be appropriate? Also one participant has rolled over the loan from the terminating plan to the parent company.

thank you!

What is a controlled group? and when a plan be considered a part of the controlled group? also can a plan which part of the control group Terminate?

one of plan is terminating due to acquisition (Stock) sale date was 12/15/2018, however there is still employees contributing into the terminating plan. Can the contribution come into the plan? will it not become a successor plan?

What is a Custom Stable value fund? why do these funds require a 12 month PUT? how do these funds function?

Thank You!

which section in the plan document might be helpful to see if the plan will allow terminated participants to move the funds into the plan.

This is not a merger, the company has two plans one MPP and another is profit sharing, so in this case be it active or terminated they can not transfer into the profit sharing plan unless they plan document allows? is that correct?

one of the terminating plan has a MPP and a profits sharing plan. They want to terminate the MPP plan and participants have been given an option to move the balance into the profit sharing plan, however this option is only for Active participants and not Terminated participants, can terminated participants also rollover the balance into the profit sharing plan? will it become a successor plan? will they be able to terminate the MPP plan?