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Plan sponsor's obligation to locate terminated vested individuals


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Guest calcu
Posted

What obligation is imposed on the plan sponsor of a church plan to notify terminated vested individuals that they are entitled to a distribution from the plan? I realize that the overriding 70 1/2 distribution rules are out there, but what is the plan sponsor's obligation to an individual prior to turning age 70 1/2 but after the individual has terminated to inform him/her of the benefit due him/her and the availability to receive a distribution of such amount?

Thanks,

Posted

Similar Question: http://benefitslink.com/boards/index.php?showtopic=24942

However, I think that church plans would not be subject to the same rules.

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 calcu
Posted

Thank you very much!

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