Scott Posted December 8, 2006 Posted December 8, 2006 Not sure what happened with my first attempt to post this, but here's another try. To what extent does the $5,000 consent rule apply to the termination of a money purchase plan? More specifically, if one or more participants with more than $5,000 do not consent to a distribution and the employer has another DC plan, must the money purchase plan remain in place until consent is given (or merge into the other plan), or can the plan purchase annuities for the participants?
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