Abandoned Individual Account Plan Regulations and Class Exemption - Fact Sheet
This fact sheet provides clarity on the regulations and a class exemption, offering essential information for anyone navigating these complex rules.
-
Model Notice of Intent to Terminate Plan
A qualified termination administrator may use this notice to inform a plan sponsor of the intent to terminate a plan, see § 2578.1(b)(5)
-
Model Notice of Plan Abandonment and Intent to Serve as QTA
An entity may use this notice to inform EBSA that it elects to serve as a qualified termination administrator for an abandoned plan, see § 2578.1(c)(3)
-
Model Notice of Intent to Serve as QTA
An entity may use this notice to inform EBSA that it elects to serve as a qualified termination administrator for a Chapter 7 ERISA plan, see § 2578.1(j)(6)
-
Model Notice of Plan Termination
A qualified termination administrator may use this notice to inform participants and beneficiaries, see § 2578.1(d)(2)(vi)
-
Model Final Notice
A qualified termination administrator may use this notice to inform EBSA that the termination process has been completed and that all benefits have been distributed, see § 2578.1(d)(2)(ix)
-
Special Terminal Report Abandoned Plans
A qualified termination administrator must file a Special Terminal Report for Abandoned Plans (STRAP).
-
Special Terminal Report for Abandoned Plans - Instructions
Instructions to satisfy the reporting requirements set forth in § 2520.103-13.
This guide from the U.S. Depart of Labor provides detailed instructions for completing the Special Terminal Report, ensuring you meet all reporting requirements.
