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Form 5310 Rev April Application for Determination for Terminating Plan
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People also ask
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What is an IRS determination letter for a 401k plan?
An IRS determination letter expresses an opinion on the qualified status of the plan document. For more information on the benefits of a favorable determination letter and how to apply, see: Apply for a Determination Letter - Individually Designed Plans. -
What is a determination letter for a defined benefit plan?
A determination letter is a formal document issued by the Internal Revenue Service (IRS) that indicates whether or not a company's employee benefit plan has been found to meet the minimum legal requirements for special tax treatment. -
How much notice is required to terminate a 401k plan?
The notice must be provided to all affected plan participants and/or beneficiaries at least 60 days and no more than 90 days before the proposed date of termination. -
What is the purpose of form 5310?
Use Form 5310 to request an IRS determination as to the qualified status (under section 401(a) or section 403(a)) of a pension, profit-sharing, or other deferred compensation plan upon plan termination.
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