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401(k) Plans

Is terminating the plan the way to stop an obligation for an employer-provided contribution?

By Peter Gulia
April 1, 2020 in 401(k) Plans

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https://benefitslink.com/boards/topic/65784-is-terminating-the-plan-the-way-to-stop-an-obligation-for-an-employer-provided-contribution/

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Peter Gulia

Posted April 1, 2020

Posted April 1, 2020

Here's some reporting on what American Retirement Association said.

https://www.pionline.com/defined-contribution/small-dc-plans-risk-termination-amid-coronavirus-outbreak-ara

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Lois Baker

Posted April 1, 2020

Posted April 1, 2020

Here's the ARA letter to EBSA: https://www.asppa.org/sites/asppa.org/files/PDFs/GAC/Comment Letter/20.03.30_ARA_DOL_COVID_ N%26D_relief.pdf

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