The Abandoned Plan Program facilitates the termination of, and distribution of benefits from, individual account pension plans that have been abandoned by their sponsoring employers. The program was established pursuant to three final regulations and a related class exemption and is administered by EBSA national and regional offices.
- Abandoned Plan Program Online Filing System - This online filing system helps qualified termination administrators submit the information required by the Abandoned Plan Program.
- Abandoned Plan Program Search – This search helps participants and others find out whether a plan is in the process of being, or has been, terminated and the name of the Qualified Termination Administrator
- Interim Final Rule
- Prohibited Transaction Exemption 2006-06 Amendment
- Federal Register Final Rule – This document contains three final regulations under ERISA that facilitate the termination of, and distribution of benefits from, individual account pension plans that have been abandoned by their sponsoring
- Distributions for Missing Non-Spouse Beneficiaries Final Rule – This document contains an interim final rule amending regulations that provide guidance and a fiduciary safe harbor for the distribution of benefits on behalf of beneficiaries in terminated and abandoned individual account
- Class Exemption – This document contains a proposed amendment to Prohibited Transaction Exemption 2006-06 for services provided in connection with the termination of abandoned individual account
- Class Exemption – Class exemption for services provided in connection with the termination of abandoned individual account
- 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