How do you terminate a 401k plan?

How do you terminate a 401k plan?
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1 Answer

Answer :

The details of how to terminate a 401k plan should be included in the plan itself. Depending on the plan there may be limitations or fines involved in actually terminating the plan itself.
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Related questions

Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

What is the difference between a 401k plan and an IRA?

Description : What is the difference between a 401k plan and an IRA?

Last Answer : They are basically the same thing but have different names. The only other difference is will be the deductibility of the 401K compared to the IRA.

How do cash balance plans differ from a 401k plan?

Description : How do cash balance plans differ from a 401k plan?

Last Answer : A 401k plan invest your money for you. A cash balance may earn a small amount of interest but has no risk.

How can I cash in my 401K plan?

Description : How can I cash in my 401K plan?

Last Answer : You can cash in your 401K plan upon retirement or after a penalty before your retirement age.

Who can enroll into a 401K plan?

Description : Who can enroll into a 401K plan?

Last Answer : A legalized us citizen can enroll into a 401k plan

how can i get refunded for overcontribution to my 401k plan the previous year?

Description : how can i get refunded for overcontribution to my 401k plan the previous year?

Last Answer : Your 401k plan administrator will automatically reimburse you when you make an over contribution. You will also receive a form for tax reporting.

how do i get a loan against my 401k plan and pay back through my job ?

Description : how do i get a loan against my 401k plan and pay back through my job ?

Last Answer : i am on long term dis-ability and would like to withdraw all my vested monies from my t rowe price 401k and i need it now i am very sick what are the steps i should take immediately thank you hi,im edna wilson i would like to borrow 400.oo my 401k pls.pay back with job.

Can an employee's 401k plan be moved when the employee leaves?

Description : Can an employee's 401k plan be moved when the employee leaves?

Last Answer : An employee's 401k plan monies when that employee leaves the company can be cashed out or put into a retirement account.

How to Set Up a 401k Retirement Plan Without an Employer?

Description : How to Set Up a 401k Retirement Plan Without an Employer?

Last Answer : Not everyone works for a company that supplies its employees with 401k retirement plans. Many companies simply do not offer them. Other people may be independent contractors or small business owners. Whatever ... income than what was contributed into the plan during a certain part of the tax year.

Why should one rollover a 401k plan?

Description : Why should one rollover a 401k plan?

Last Answer : Many times, when you leave an employer, they may ask you to take your 401k plan with you, especially if the plan balance is low. In these cases, many people chose to rollover the 401k instead of cashing it out.

Can I roll over my 401k plan from my last employer to my IRA account?

Description : Can I roll over my 401k plan from my last employer to my IRA account?

Last Answer : Yes you can in fact do this. You will have to speak to the company who has your IRA and discuss with them the steps in order to do this.

Never Touch Your 401k Retirement Plan?

Description : Never Touch Your 401k Retirement Plan?

Last Answer : When something big comes up, such as the need for a new car, you may be tempted to use the money in your 401k retirement plan to pay for it. This is possible, but it is not wise. ... gratification of a new purchase quickly, but you will not have enough money to retire comfortable in the long run.

What is a 401k plan and how does it work?

Description : What is a 401k plan and how does it work?

Last Answer : A 401k plan is some sort of savings program and it involves forms. You must fill out these forms in order to apply for a 401k plan. It is a government program.

Can you explain what a 401k plan is?

Description : Can you explain what a 401k plan is?

Last Answer : A 401k plan is a retirement plan. Unlike a savings account you can withdraw money instantly but for a retirement plan you cannot touch that money till you reach the recommended retirement age.

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

Last Answer : A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.

Who can I talk to about my 401k retirement plan?

Description : Who can I talk to about my 401k retirement plan?

Last Answer : You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.

Speaking of atrocities, how was Taco Bell allowed to brutally terminate the career of that chihuahua?

Description : Speaking of atrocities, how was Taco Bell allowed to brutally terminate the career of that chihuahua?

Last Answer : “Yo quiero Taco Bell”

If one finds the automaton they created to be a nuisance would they have exclusive right to terminate it?

Description : If one finds the automaton they created to be a nuisance would they have exclusive right to terminate it?

Last Answer : answer:Like we’ve already discussed: If you cause something that is sentient and sapient to die, that is murder. If you couldn’t do it to your children, you can’t do it to your android.

How severe would health problems have to be for you to terminate a pregnancy?

Description : How severe would health problems have to be for you to terminate a pregnancy?

Last Answer : answer:God love the March of Dimes for their efforts to prevent parents from being faced with such a horrible decision. I can't give an honest answer, because I really don't know, never having had faced anything ... I would .then I think of Stephen Hawkings .. I don't know. I honestly don't know ..

Why does my DCOm server process launcher need to terminate unexpectedly 25 times a day?

Description : Why does my DCOm server process launcher need to terminate unexpectedly 25 times a day?

Last Answer : Uh.. it told you to install Malware? lol ..... that has to be some kind of joke.. open command prompt and type chkdsk /f it will tell you the disk is in use and ask if you want to ... Something could be moved too far in the hard drive for your hardware to process.. this is a good place to start

Which of the following is an optional section of IGES format? a.Start section b.Global section c.Terminate section d.Flag section

Description : Which of the following is an optional section of IGES format? a.Start section b.Global section c.Terminate section d.Flag section

Last Answer : d.Flag section

What do these survey site terms like 'quality terminate', 'quota full' mean?

Description : What do these survey site terms like 'quality terminate', 'quota full' mean?

Last Answer : Hiya!To answer your question:Quality Terminate - This means that the survey from the respondent was terminate due to the system detecting some irregularities in the quality of the response. The quality controls ... survey terminologies.Check it out! It's great! Hope this helped! Cheers, mate! :)

What happens if I terminate a fixed-term contract prematurely?

Description : Does this have any more serious consequences? Do I have to pay some penalty or do I simply leave after downloading the 30 day notice period?

Last Answer : Premature termination of a fixed-term employment relationship ... (60 days notice is stipulated in the employment contract.) ... so if I terminate while on leave, the contractual period is 60 days ....   

How do you terminate a thread which is continuously executing?

Description : How do you terminate a thread which is continuously executing?

Last Answer : A thread that is continuously executing has an infinite loop. Toterminate that thread you must break that loop by providing asuitable terminating condition. If the thread is a "worker" ... thread terminates. The main thread should remain activeuntil all worker threads have successfully terminated.

Antianginal drugs afford the following benefit/benefits (a) Terminate anginal attacks (b) Decrease the frequency of anginal attacks (c) Retard the progression of coronary artery disease (d) Both (a) and (b)

Description : Antianginal drugs afford the following benefit/benefits (a) Terminate anginal attacks (b) Decrease the frequency of anginal attacks (c) Retard the progression of coronary artery disease (d) Both (a) and (b)

Last Answer : Ans: D

The following drug is used to reduce the frequency of angina pectoris as well as to terminate an acute attack (a) Digoxin (b) Furosemide (c) Enalapril (d) Amrinone

Description : The following drug is used to reduce the frequency of angina pectoris as well as to terminate an acute attack (a) Digoxin (b) Furosemide (c) Enalapril (d) Amrinone

Last Answer : Ans: A

The action performed by a ___________ structure must eventually cause the loop to terminate. a) sequence b) case c) repetition d) process

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Find the load impedance that must be used to terminate RG-62A/U to avoid reflections? A. 93Ω B. 75Ω C. 50Ω D. 300Ω

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The use of telecommunication for the transmission of signals to initiate, modify or terminate functions of equipment at a distance. A. Tracking B. space command C. Telecommand D. Trunking

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Imprisonment for non-payment of fine shall terminate (a) On payment of fine (b) On expiry of the term of imprisonment for non-payment (c) both (a) & (b) (d) neither (a) nor (b).

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Last Answer : (c) both (a) & (b)

An algorithm is complete if ____________ a) It terminates with a solution when one exists b) It starts with a solution c) It does not terminate with a solution d) It has a loop

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Last Answer : a) It terminates with a solution when one exists

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Last Answer : C : No neighbour has higher value

The lateral spinothalamic tract: a. carries fibres which terminate in the thalamus b. contains mainly the second-order neurones. c. carries fibres that carry information on temperature and pain d. all above

Description : The lateral spinothalamic tract: a. carries fibres which terminate in the thalamus b. contains mainly the second-order neurones. c. carries fibres that carry information on temperature and pain d. all above

Last Answer : all above

The axons of the Purkinje cells in the cerebellar cortex: a. terminate in excitatory synapses b. terminate in cerebellar nuclei c. terminate in the spinal cord. d. form the main efferent pathway from the cerebellar cortex

Description : The axons of the Purkinje cells in the cerebellar cortex: a. terminate in excitatory synapses b. terminate in cerebellar nuclei c. terminate in the spinal cord. d. form the main efferent pathway from the cerebellar cortex

Last Answer : terminate in cerebellar nuclei

C fibres transmitting pain sensation a. are present in less numbers than A fibres in sensory nerves b. conduct at an average velocity of 2 metres/secon c. convey temperature sensation d. terminate in laminae 2 and 3 of the dorsal horn

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Last Answer : convey temperature sensation

The decimal expansion of the rational number 23/(2 2 . 5) will terminate after (a) one decimal place (b) two decimal places (c) three decimal places (d) more than 3 decimal places

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Cells in G0 phase (a) terminate the cell cycle (b) exit the cell cycle (c) enter the cell cycle (d) suspend the cell cycle.

Description : Cells in G0 phase (a) terminate the cell cycle (b) exit the cell cycle (c) enter the cell cycle (d) suspend the cell cycle.

Last Answer : b) exit the cell cycle

Which one of the following codons would terminate translation? a. AUG b. UUU c. UAA d. UGG

Description : Which one of the following codons would terminate translation? a. AUG b. UUU c. UAA d. UGG

Last Answer : c. UAA

Pick up the correct statement from the following: (A) Cavity of a cavity wall should start near ground level (B) Cavity of a cavity wall should terminate near eaves level of sloping roof (C) Cavity of a cavity wall should terminate near coping of flat roof with parapet wall (D) All the above

Description : Pick up the correct statement from the following: (A) Cavity of a cavity wall should start near ground level (B) Cavity of a cavity wall should terminate near eaves level of sloping roof (C) Cavity of a cavity wall should terminate near coping of flat roof with parapet wall (D) All the above

Last Answer : Answer: Option D

Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the next accounting period starts. c. in order to transfer net income (or loss) and dividends to the retained earnings account. d. so that financial statements can be prepared.

Description : Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the ... ) and dividends to the retained earnings account. d. so that financial statements can be prepared.

Last Answer : c. in order to transfer net income (or loss) and dividends to the retained earnings account. unt.

By using ................... you can force immediate termination of a loop, by passing the conditional expression and any remaining code in the body of the loop. A) Break B) Continue C) Terminate D) Loop Close

Description : By using ................... you can force immediate termination of a loop, by passing the conditional expression and any remaining code in the body of the loop. A) Break B) Continue C) Terminate D) Loop Close

Last Answer : A) Break

State whether the following statement is true. i) It takes less time to terminate a thread than a process. ii) Threads enhance efficiency in communication between different executing programs. A) i-True, ii-False B) i-True, ii-True C) i-False, ii-True D) i-False, ii-False

Description : State whether the following statement is true. i) It takes less time to terminate a thread than a process. ii) Threads enhance efficiency in communication between different executing programs. A) i-True, ii-False B) i-True, ii-True C) i-False, ii-True D) i-False, ii-False

Last Answer : B) i-True, ii-True

A data flow can A) Only emanate from an external entity B) Only terminate in an external entity C) May emanate and terminate in an external entity D) May either emanate or terminate in an external entity but not both

Description : A data flow can A) Only emanate from an external entity B) Only terminate in an external entity C) May emanate and terminate in an external entity D) May either emanate or terminate in an external entity but not both

Last Answer : C) May emanate and terminate in an external entity

A stipulation which is essential to the main purpose of the contract and if proved false, gives the buyer a right to terminate the contract, is legally known as A. Condition B. Warranty C. Guarantee D. None of these

Description : A stipulation which is essential to the main purpose of the contract and if proved false, gives the buyer a right to terminate the contract, is legally known as A. Condition B. Warranty C. Guarantee D. None of these

Last Answer : A. Condition

Antianginal drugs afford the following benefit/benefits: A. Terminate anginal attacks B. Decrease the frequency of anginal attacks C. Retard the progression of coronary artery disease D. Both ‘A’ and ‘B’ are correct

Description : Antianginal drugs afford the following benefit/benefits: A. Terminate anginal attacks B. Decrease the frequency of anginal attacks C. Retard the progression of coronary artery disease D. Both ‘A’ and ‘B’ are correct

Last Answer : D. Both ‘A’ and ‘B’ are correct

The following drug is used to reduce the frequency of angina pectoris as well as to terminate an acute attack: A. Isosorbide dinitrate B. Pentaerythritol tetranitrate C. Diltiazem D. Dipyridamole

Description : The following drug is used to reduce the frequency of angina pectoris as well as to terminate an acute attack: A. Isosorbide dinitrate B. Pentaerythritol tetranitrate C. Diltiazem D. Dipyridamole

Last Answer : A. Isosorbide dinitrate

A stipulation which is essential to the main purpose of the contract and if prove false give the buyer a right terminate the contract is legally known as a) guarantee b)condition c) warranty d)none of these

Description : A stipulation which is essential to the main purpose of the contract and if prove false give the buyer a right terminate the contract is legally known as a) guarantee b)condition c) warranty d)none of these

Last Answer : c) warranty

Which of the following statement is incorrect? a. An agency may be terminated by death of either party. b. An agency may be terminated by express agreement. c. An agency agreement can always be terminated by a principal. d. Mental incapability of an agent will terminate the agency relationship.

Description : Which of the following statement is incorrect? a. An agency may be terminated by death of either party. b. An agency may be terminated by express agreement. c. An agency agreement can always be terminated by a principal. d. Mental incapability of an agent will terminate the agency relationship.

Last Answer : c. An agency agreement can always be terminated by a principal.