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New to documenting plan terminations


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Guest chris4013
Posted

401(k) plan. Plan sponsor terminated 10/31/03, and 401(k)/employment ceased on that date.

What are the document requirements if we don't submit? I don't think there are any.

But is there a sample notice somewhere that I can give to participants?

Thank you

Posted

Re the document, it would still need to be amended to bring it into compliance with the applicable laws at time of termination.

Posted

The client could create any type of notice that gets the communication out there to the employees regarding the termination. There is no specific format for a notice regarding a DC plan termination where there is no IRS Submission involved.

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