I'm looking for a little guidance.
Here is the situation.
A client of ours had an old paired MP/PS Plan that he terminated in 2000 or 2001 can't remember exactly. All assets (so we thought) were paid out and a final 5500 was filed.
The plan had an LP that was valued at $0. The interest in the LP was never changed from the PS to the individual and now the LP has a value significatly greater than $0.
What do we do with this asset if the plan is no longer in existance?
Any help is appreciated.