If you have a 401k, profit sharing, or other qualified plan, the IRS has specific rules regarding the procedures, notices, filings and documents for plan closings (plan terminations).
It is important to seek out professional assistance to navigate the plan termination process. Failure to follow IRS regulations regarding plan termination can result in substantial penalties and fines, or even worse, plan disqualification.
Services needed for plan termination will depend on the status of your plan. Steidle Pension Solutions will evaluate your termination situation and guide you at every step of the process. For a customized quote for plan termination, call Keith Steidle at 800-630-401K (4015) or click here to contact us.