Is a distribution from a retirement plan valid if the participant is rehired after the distribution occurs or is this a sham termination?
Defined Benefit Plan Termination Procedure
There are many reasons a company may terminate the plan, but specific steps must be followed for the defined benefit plan termination procedure.
Defined Contribution Plan Termination Procedure
There are various reasons a company decides to terminate their defined contribution retirement plan, but specific steps must be followed.