Dive into the updated regulations for the Abandoned Plan Program under ERISA, focusing on new procedures for plans left behind by sponsors. Gain insights into the expanded scope covering Chapter 7 bankruptcy cases, the role of bankruptcy trustees as Qualified Termination Administrators, and technical amendments designed to enhance efficiency. This course is crucial for anyone involved in the management of employee benefit plans, ensuring compliance and safeguarding participant benefits.
In this course you will learn the following:
* Understand the expanded scope of the Abandoned Plan Program.
* Identify the roles and responsibilities of Qualified Termination Administrators (QTAs) and bankruptcy trustees.
* Implement the procedures for terminating abandoned plans and distributing benefits.
* Recognize the legal and financial consequences of non-compliance.
