Partial Plan Termination Questions and Followup |
There is a lot to unpack in the recently passed COVID relief legislation, but the most significant element for plan sponsors impacted by the COVID-19 pandemic may well be the “temporary rule preventing partial plan termination.”
The American Retirement Association has been a leading advocate for this provision on the Hill and our work will continue with the Treasury and IRS to address these concerns during implementation. Nevertheless, the temporary relief will likely be welcome news to many plan sponsors who might otherwise have a partial plan termination.
If you have additional questions regarding this relief or its implementation, please provide them below, as well as your contact information (in case we need to followup for clarification). If you'd like a personal response, please indicate that as well.
If you have additional questions regarding this relief or its implementation, please provide them below, as well as your contact information (in case we need to followup for clarification). If you'd like a personal response, please indicate that as well.