In the fourth stage – Terminating – business owners go through the often-confusing process of shutting down a retirement plan.  This process includes:

• Notifying participants
• Notifying appropriate government agencies
• Distributing plan assets

… and perhaps choosing a new plan.

Frequently Asked Questions:

• FAQs regarding Plan Terminations
  Insights into asset distribution upon plan termination.
  
  
• Pension and Health Care Coverage - Questions and Answers for Dislocated Workers
  This booklet addresses some of the common questions dislocated workers ask.

Other Resources:

• How to File a Claim for Your Benefits
  An outline of the steps you may take to file a claim and what to do if you are denied benefits.
  
  
• How to Obtain Employee Benefit Documents from DOL
  This publication describes the documents and materials available through the PWBA public disclosure room, and also tells you how to use this facility.
  
  
• Your Employer’s Bankruptcy: How Will it Affect Your Employee Benefits?
  This information sheet focuses on bankruptcy’s effect on pension plans and group health plans.

Forms and Publications:

• Forms useful in terminating a retirement plan.
  
  
• Publications useful in terminating a retirement plan.

Help:

• Customer Account Services
  Contact us for answers to technical and procedural retirement plan questions