204(h) Notice - 45 days or 15 days?

[Guest notapensiongeek]

We have a 1-Participant Money Purchase Pension plan that will be to terminating. According to the IRS website, "the 204(h) notice should be provided at least 45 days prior to the effective date of the reduction, 30 days for an early retirement subsidy in a merger or acquisition, and 15 days for other mergers or if a small pension plan is involved".

Since this is a "small pension plan", is 15 days sufficient notice or do we have to give the notice 45 days in advance?

Thanks for your input!

[John Feldt ERPA CPC QPA]

15 days

[Mike Preston]

204(h) Notice not required if 1-person plan covers the owner.