Defined contribution plan failure: options for participants

• Published in: The CPA journal (1975) Vol. 76; no. 7; p. 46
• Main Author: Armstrong, III, Frank
• Format: Journal Article
• Language: English
• Published: New York New York State Society of Certified Public Accountants 01.07.2006
• Subjects: Defined benefit plans; Defined contribution plans; Employees; Employers; Evaluation; Individual retirement accounts; Investments; IRA; Limited partnerships; Pension plan terminations; Pension plans; Retirement benefits; Roll over; Salary reduction savings plans; Tax planning; United States; United States > US

If an employer fails, or terminates a defined benefit plan, participants may find themselves facing significant short-falls. While an employer must petition the Department of Labor for a plan termination, the procedure is relatively simple compared to a defined benefit plan. All funds in an employee...