Guest tbt Posted August 3, 2001 Posted August 3, 2001 I have a terminating plan with favorable dl, but assets have not been distributed, now corp has been closed. Assets are of a nature quick payout unlikely. I no longer have a sponsor & I'm coming up on a new plan year. What are the rules regarding a plan with no sponsor? How long do I have?
rcline46 Posted August 3, 2001 Posted August 3, 2001 But you still have trustee and plan administrator! Trustee responsible for liquidating and plan admin responsible for getting stuff done. Who needs a sponsor?
Guest tbt Posted August 6, 2001 Posted August 6, 2001 That is the heart of my question, do you need a Plan Sponsor and if you do, where are the rules regarding this.
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