HarleyBabe Posted November 2, 2011 Posted November 2, 2011 Have a plan that terminated January 31, 2008. At that time, we prepared the termination minutes as well as a PPA Good Faith Amendment, Amendments regarding the NRA and Heinz Decision and the other Interim Amendmentd due at the time. We have just been informated that unbeknownst to us, the plan has not distributed it's assets as of yet but because the plan has still been active, do we have to do a full blown document restatement now for PPA even though we did the Good Faith Amendment and all the Interims?
Effen Posted November 4, 2011 Posted November 4, 2011 I don't understand what you mean by the plan "has not distributed it's assets as of yet but because the plan has still been active". If it was terminated in 2008, what does "still been active" mean? How much of the termination was completed? Did they file with the IRS? Did they file with the PBGC? Did they notify participants? Seems like the plan might not really have been terminated. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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