Guest Star Seeker Posted January 23, 2002 Posted January 23, 2002 I'm in the process of preparing restated prototype document. Existing Money Purchase adoption agreement allows employer to elect a special timing rule for distributions on disability after separation from service. Plan allows for distribution of account exceeding $5k in the first plan year after separation for service. Special rule: distribution as soon as administratively possible after separation from service on account of disability. New prototype Adoption agreement eliminated special disability distribution timing employer election. Plan language states that disability distribution is same as regular separation from service distribution. Is there an anticutback issue by eliminating the "as soon as administratively possible" exception?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now