merlin
Apr 11 2003, 07:54 AM
We have a client who sponsors a profit sharing plan. One participant has been on workman's comp for several years. He's been carried as still employed on approved LOA, no allocations (plan is not t/h and they pass 410b without him), no BIS. He has requested a distribution of his vested account balance, but was told that he's considered to be still employed as long as he's on workman's comp. He says he'll resign if it will get him a distribution.Wouldn't that also stop his w/c payments?