Plan Termination and Guardian Plan

[PS]

I have one of my client terminating a 401K plan, however there  be a spin off and part of the participants from the terminating plan will be moved into a guardian plan.  Any idea what a  Guardian plan is and will this impact the termination by any way?

[Kevin C]

My guess would be a 401(k) plan with Guardian Life, but you'll have to ask the client.

As for its impact on the plan termination, that would depend on the details of what they are trying to do.  There are some rules dealing with successor plans and distribution restrictions on plan termination if there is an alternative defined contribution plan of the employer. My suggestion is to get someone who is experienced with plan terminations to sort out the details for you.