Terminating Defined Contribution Plans | Practical Law
A Practice Note discussing the requirements for terminating a single-employer defined contribution plan under the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA). This Note reviews the process for terminating a defined contribution plan, how to file for a determination letter with the Internal Revenue Service (IRS) on plan termination, required plan amendments, and paying expenses related to plan termination.