Guest MJ1 Posted May 3, 2011 Posted May 3, 2011 I understand that an employer who has adopted a VS Plan that is covered by a favorable opinion letter may apply for a determination letter upon its termination by filing a 5310 (as opposed to a 5307). Assuming the VS plan is up to date as of its termination, am I correct in understanding that the employer may file a 5310 and that the VS plan's cycle is not relevant? If an amendment is necessary, does the plan convert to IDP status for purposes of the submission?
Guest Sieve Posted May 3, 2011 Posted May 3, 2011 All amendments that must be in place for a terminating plan (i.e., generally all that are effective prior to the termination date) will be required, regardless of cycle. It is still considered a VS plan when terminating (at least that's how I've always treated them).
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