austin3515
Sep 14 2006, 11:58 AM
Do we know yet whether the ability to send balances of "lost participants" in termed dc plans will only be available to Plans terminating after a specific date? Or will the opportunity be available for all terminated plans, even if terminated in the past (or near future)?
Bird
Sep 14 2006, 02:17 PM
The bill says "...shall apply to distributions made after final regulations...are prescribed." So the good news appears to be that the plan term. date doesn't matter, the bad news...is obvious.
austin3515
Sep 14 2006, 09:20 PM
I guess it could be a year or two, huh?
Bird
Sep 14 2006, 10:00 PM
Yeah - dog years.
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