Distributions in a Formal Plan Termination

[commishvp]

I have a plan that is being acquired in stock sale and is going to terminate the plan formally. Typically we have had clients wait until the positive determination letter on the plan termination is received until processing the distributions. The client would like to distribute the balances of the employees who will not retain there employment and wait and distribute the remaining balances after the letter received.

Any advice is appreciated.

[WDIK]

http://benefitslink.com/boards/index.php?showtopic=33556

http://benefitslink.com/boards/index.php?showtopic=26762