dmb Posted February 2, 2004 Posted February 2, 2004 A calendar year DB plan, owner, his wife and one participant covered by PBGC thru 2003. The one participant termed and was paid out in 2003. If the owner decides to terminate plan in early 2004, is he still considered covered by PBGC and must he file plan term with PBGC??? Thanks.
david rigby Posted February 2, 2004 Posted February 2, 2004 I think the answer is "not covered". Within the past year, there has been a similar discussion thread on this topic. Try the Search feature. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Guest DFerrare Posted February 2, 2004 Posted February 2, 2004 If the plan ceases to be covered, you must notify the PBGC. This is explained in the PBGC's Premium Payment Package. David
Blinky the 3-eyed Fish Posted February 2, 2004 Posted February 2, 2004 Pax and DFerrare are absolutely correct. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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