ERISA 204(h) Notice Required for Termination of PSP?

[billfgrady]

Is a plan sponsor required to give ERISA 204(h) notices to participants in connection with the termination of a profit sharing plan? What if a money purchase pension plan was merged into the profit sharing plan at some time prior?

[Mike Preston]

1) No.

2) A 204(h) Notice indicating a cessation of benefits in the MP plan would have been required prior to the merger. If not, then the money purchase accruals would have continued under the auspices of the PS plan, which would no doubt scuttle the intent of the merger in the first place.