Plan terminations; what do you have to do? Other than accelerated vesting and amending the plan? When you terminate a retirement plan, other than ac

[Guest Enda80]

Plan terminations; what do you have to do? Other than accelerated vesting and amending the plan?

When you terminate a retirement plan, other than accelerated vesting and amendment of the plan, what other requirements occur?

[david rigby]

You have to:

- locate "lost" participants,

- confirm presence/disposition of alternate payees (if any),

- file DL request with IRS (maybe),

- file with the PBGC (if covered),

- liquidate the plan by paying benefits to participants and/or alternate payees.

[J Simmons]

It's also a pretty good idea to update the plan document, as we are always in one remedial amendment period (RAP) or another.

[JanetM]

Give 204h notice - maybe for pension

Line up annuity provider for pension

Find and pay all participants who have distribution checks outstanding

[Guest Eric.]

two more cents ...

Aside from actual "requirements", do consider giving the participants as much heads up as possible to avail them the opportunity to do some cash flow and tax planning.