Exchange Currency

orphan plan

A retirement plan that no longer has a sponsor. An orphan plan typically results from the death of the lone sponsor, bankruptcy, or corporate mergers. The IRS has developed procedures to protect participants in orphan plans and allow them to receive distributions.

Related information about orphan plan:
  1. Fact Sheet - EBSA's Orphan Plan Project
    Fact Sheet. September 2003. Printer Friendly Version. EBSA's Orphan Plan Project. Beginning in FY 2000, EBSA initiated an enforcement project to locate ...
     
  2. Orphan plan | Retirement Dictionary
    Orphan plan. Last Updated March 22, 2009. 401(k) Plans. Definition. A defined contribution plan for which there is no plan sponsor or other plan fiduciary willing ...
     
  3. Using EPCRS to Terminate an Orphan Plan - Internal Revenue ...
    Aug 3, 2012 ... An “Orphan Plan” is a plan that no longer has a plan sponsor. The sponsor may no longer be in existence or may have abandoned the plan ...
     
  4. "Orphan" Plan Rules - McKay Hochman Company, Inc.
    Final Regulations on Abandoned "Orphan" Plans Rev. 10/05/07, E-mail Alert 2007-13. May 25, 2006. PPA Updates Added at the End on October 5, 2007 ...
     
  5. DOL Issues Orphan Plan Guidance
    Mar 10, 2005 ... Each year approximately 1,650 401(k) plans holding $868 million in assets and covering 33,000 workers are abandoned. Today, the U.S. ...
     
  6. What is orphan plan? definition and meaning
    Definition of orphan plan: A retirement plan that no longer has a sponsor. An orphan plan typically results from the death of the lone sponsor, bankruptcy, ...
     
  7. Don't Let Your Plan Become an Orphan : Employee Benefits Legal ...
    Jan 24, 2012 ... An “orphan plan” is defined as a plan that no longer has a plan sponsor. The sponsor may have disappeared because of bankruptcy or merger, ...
     
  8. DOL Auspices
    Sep 22, 2010 ... What is an “Orphan Plan”? Orphan Plans. What is an Orphan Plan ? ▫. DOL regulations from April, 2006 provide definitions and rules. ▫ ...