ombskid Posted January 24, 2010 Posted January 24, 2010 DB plan is terminating in a standard termination. PBGC timeframes, unless there is a Notice of non compliance, are pretty straight forward, albeit strict. Does anyone have a sense of how long 5310 LOD's upon termination are taking? Is there any reason the plan could not submit both the NOIT to participants and NTIP simultaneously?
Lou S. Posted January 26, 2010 Posted January 26, 2010 The last 2 DB plans we submitted took about 8 months to get a DL. neither was PBGC. In the past we we gave out all PBGC and IRS notices to participants and the same time (unless timing of dates conflicted for some reason) usually with a caveat that distributions would be after IRS DL.
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