Plan Termination

[Guest hitt24]

From the time a defined contribution plan files for termination, how long do the participants have before they must take a lump sum distribution out of the plan?

[namealreadyinuse]

The Internal Revenue Manual has an obscure rule about wasting trusts that says all money should be distributed within one year unless there is a reason like filing an 5310. If it is not liquidated, it is treated as an ongoing plan. Otherwise, it is just a frozen plan and has to be amended for law changes, etc.