7806akp Posted April 20, 2011 Posted April 20, 2011 What happens to an unallocated account holding excess annual additions when the plan terminates? Are the amounts in the unallocated account allocated to participants? If so, what is the tax treatment of the allocated funds? The funds were initially removed from participants accounts because they were in excess of the 415 limits (and could therefore not benefit from the tax advantages of the plan), but are they now supposed to be allocated to such participants regardless?
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