Discontinuance Of Plan

Definition of "Discontinuance of plan"

Maggie Privette real estate agent
Maggie Privette, Real Estate Agent The Cornerstone Group

Termination of a plan. Under federal tax law, a plan can only be terminated for reasons of business necessity. Otherwise, prior employer tax deductible contributions under the plan are disallowed.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions