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Amending a plan after submitting to PBGC


Earl

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Can a Plan whose termination has been submitted to the PGBC be amended?

Specifically, we want to raise the cash out threshold from $1,000 to $5,000.

The Plan in question has 4 participants who we have spoken to directly and emailed and regular mailed distribution forms.   These individuals just will not return signed forms for their Plan Termination distributions.  No clue why.

We are running into the 501 filing deadline.  I don't think paying the lost participant program is ok since they are not lost.  But I could be wrong there.

Thanks for any thoughts on this.

CBW

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I have contacted them and usually find them helpful but so far only "I need to research."

(I also asked for extension of time to make distributions.)

CBW

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