Guest jhilliard Posted June 30, 2003 Posted June 30, 2003 I am looking for a checklist for a plan termination. The plans are a MPP and a PS. The 5500s for both plans are filed as having a single participant that covers 100% owner of corporation. The "Company" covered by these plans are in the process of being dissolved but it has not been completed. Does anyone know of a checklist out there? Thanks in advance for your help!
chris Posted June 30, 2003 Posted June 30, 2003 Take a look at Sal Tripodi's ERISA Outline Book at page 15.801 for a checklist. Basically, you'll need to make sure the documents get amended to reflect current law. Have participant execute the requisite distribution forms, etc... to distribute the plan assets as per the plan doc's (cash only vs. in-kind, etc....). Consider filing Form 5310 regarding a determination letter on termination, but don't know that I would do so since it's a one participant plan and there are no nonhighly compensated e/ee's involved. As for the MPPP, you would also need to deal with the 204(h)/4980F Notice re cessation of benefit accruals issue.
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