Terminating a 403(b)

[Lori H]

A small 403b wants to terminate. It's custodian of the contracts (Mutual of America) is saying they can not terminate the plan until the end of the plan year. I don't believe this to be the case. The sponsor is trying to avoid having assets after the close of the plan year and wrap things up before 12/31

[mbozek]

There is an IRS reg on plan termination 1.403b-10(a). Doesn't mention anything about when plan can be terminated.