Frozen Keogh Plan

Plan to which contributions are not being made, but which has not been formally terminated. The freezing of a keogh plan (hr-10) may occur in the following circumstances:

1. self-employed person stops contributing to the plan.
2. personal corporation is dissolved and stops contributing to the plan even though the employee of the personal corporation may continue in the same occupation.
3. self-employed person under the original plan may form a partnership or incorporate, necessitating the freezing of the original planand the establishment of a new plan.