Definition of "Voluntary plan termination"
Randy Crowe & Amber Jones, Real Estate Agent
Crye-Leike Realtors
Ending a pension plan at the election of an employer or sponsor. The employer has the unilateral right to change or terminate a pension plan at any time. However, the termination must meet requirements set out by the employee retirement income security act of 1974 (erisa). Assets must be distributed to participants according to federal guidelines.
Have a question or comment? We're here to help.