Defined Benefit Plan Termination Procedure
There are various reasons a company decides to terminate their defined benefit retirement plan, but specific steps must be followed to properly terminate the plan. Our Defined Benefit Plan Termination Procedure provides a detailed overview of the termination procedures.
Please contact Watkins Ross if you are considering a plan termination to ensure all requirements and deadlines are met.
Related Articles You Might Like
In-Service Distributions from Defined Benefit Plans
In-Service Distributions from Defined Benefit PlansIn December 2019, the Bipartisan American Miners Act of 2019 (BAMA) was signed into law and allowed in-service distributions for plan participants to commence at age 59 ½. The previous age requirement to allow these...
Common Mistakes to Avoid in Your Employee Benefit Plan
Common Mistakes to Avoid in Your Employee Benefit PlanManaging employee benefit plans can be a challenge. Benefits can be complicated. If you make mistakes, it could mean costly fines or even criminal punishments. Here are common employee benefit plan mistakes and...
The American Rescue Plan of 2021: Pension Plan Benefits
The American Rescue Plan of 2021:Pension Plan BenefitsWill the American Rescue Plan Act of 2021 benefit your pension plan? The American Rescue Plan Act of 2021 (ARPA) became law on March 11, 2021. It contains many provisions affecting pension plans. How it will...