Any amendments needed for plan termination besides GUST?

[Guest Tom Collins]

I am in the process of terminating a 401(k) plan which had previously been maintained as a prototype volume submitter plan (the "sponsor" insurance company went bankrupt and no longer sponsors the plan as such). The plan has been amended through OBRA 93 with the last determination letter from the IRS dated 6/9/94. I need to bring plan into compliance prior to termination. Other than GUST, are there any other required amendments?

[MoJo]

GUST amendments shold do it; however, you should submit the plan for a determination letter - which will with certainty determine that the plan is up to date.

[EGB]

USERRA

[Guest Tom Geer Daily Access Concepts]

It is also advisable to reveiw the plan document for items that could create problems in the termination, and eliminate them. Not a bad idea also to put in amendment qhat steps will be taken in connection with the termination, because termination language is usually pretty general.

------------------