Topic Archive: Distributions

Who Must Receive Retirement Plan Blackout Notices?

DWC | 10/3/17

Facts

We have selected a new recordkeeper for our 401(k) plan. We are told that there will be a period of eight business days when our participants are not able to log in and manage their accounts. We know that we have to provide notice at least 30 days ahead of time to everyone who is affected.

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Retirement Plan Termination: Are There Special Rules for Paying Out Account Balances?

DWC | 09/26/17

Facts

The owner of our company is retiring next year, and the business will close as a result. We sponsor a 401(k) plan that we know we need to terminate, and we want to get started right away so that we have plenty of time to wrap things up before the company is dissolved next year. There are several former employees who still have balances in the plan, but most of the plan accounts are for employees who will continue working for the company right until the very end.

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