Partial Plan Terminations

datePosted on 10:15, February 1st, 2010 by lee

Given the economy we have seen a higher number of clients that have laid off part of their workforce. Each situation is different and the IRS rule is not clear. The IRS states, “Whether a partial termination occurs depends on the individual facts and circumstances of a given case.”

If you have clients that have downsized encourage them to execute on their process to comply. If you are calling on new prospect it might be an opportunity to add value if they down sized and failed to fully vest employees that were laid off.

http://www.irs.gov/retirement/participant/article/0,,id=151798,00.html

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