Current 5310 Timing

[Guest bobolink]

Does anyone have any current experience with an application for a determination upon termination? How long is it taking these days? I have a frozen mmp terminating 12/31/2009 and would love to communicate a time frame to participants. Thanks!

[rcline46]

I would tell them one year before the IRS issues its letter.

[Lou S.]

6 to 9 months has been our recent experience.

[Kevin C]

In the last year, we got one in about 7 months and another in about 10 months. We are also waiting on a letter on the termination of an ESOP that is 18 months and counting. That one was about 14 months before we heard from the IRS and 2 months since the agent told us the letter would be issued "shortly".

For an estimate, I agree with rcline46. Tell them probably a year.

[Guest bobolink]

I've heard that if there are any bells or whistles, like an esop, a special examiner is needed and there are few. That would support Kevin's experience. Thanks for the replys.