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Full Version: Can you correct operational error after plan termination?
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Gudgergirl
Defined benefit plan terminated effective 1/1/09. Plan recently received favorable EGTRRA determination letter and elected not to file 5310 with IRS. It has now been discovered that plan failed to include about 20 employees in the plan. Plan wants to correct by making a contribution on behalf of said employees. Can this be done under EPCRS?
Gudgergirl
QUOTE (Gudgergirl @ Aug 31 2009, 09:55 AM) *
Defined benefit plan terminated effective 1/1/09. Plan recently received favorable EGTRRA determination letter and elected not to file 5310 with IRS. It has now been discovered that plan failed to include about 20 employees in the plan. Plan wants to correct by making a contribution on behalf of said employees. Can this be done under EPCRS?


Never mind. I found my answer (the answer is yes - Rev Proc 2008-50 Section 4.08)
Mike Preston
What makes you think a run of the mill terminated plan is an orphan plan?
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