Abandoned Individual Account Plans | Practical Law

Abandoned Individual Account Plans | Practical Law

A Practice Note addressing individual account plans that have been abandoned by their plan sponsor or plan administrator. This Note covers when a plan is considered abandoned, who may terminate the plan and distribute benefits, and the requirements for winding up the plan under the Employee Retirement Income Security Act of 1974 (ERISA).

Abandoned Individual Account Plans

Practical Law Practice Note w-016-7908 (Approx. 15 pages)

Abandoned Individual Account Plans

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A Practice Note addressing individual account plans that have been abandoned by their plan sponsor or plan administrator. This Note covers when a plan is considered abandoned, who may terminate the plan and distribute benefits, and the requirements for winding up the plan under the Employee Retirement Income Security Act of 1974 (ERISA).