412(i) --> "regular DB plan"

[Guest texasactuary]

the question posed by the sales guy: Can we terminate a 412i plan and rollover the distribution to a new DB plan? Yes. But what he really wants to do is change a 412i plan into a "regular" DB plan. My simplistic answer is that once the 412i DB is no longer funded with insurance it ceases to be a 412i and becomes "regular". The next question posed was - can we "restate" the 412i into a prototype document? What do you all think?

[Blinky the 3-eyed Fish]

Three cheers for "the sales guy".

You are correct that once you fail to satisfy the requirements of 412(i), then by default you no longer have a 412(i) plan. There would be no reason why you couldn't restate it into a prototype document, but are you sure that is necessary? I would imagine there would be language in the existing document that addresses the scenario where the 412(i) requirements are no longer met.

[Guest Donkey Kong]

I'll stomp on you quint like a rotten onion!

I especially like the picture in your profile. You are a rugged man indeed, yet still no match for my power!