Printable Form 5500 - Schedule I Mesquite Texas 2018-2024

Printable Form 5500 - Schedule I Mesquite Texas: What You Should Know

For a fiscal plan: (a) On or after July 1, 2022, and before the end of a plan year, the trustee (but not an electing trustee); the trustee's designee or a representative of the trustee; or the administrator, is authorized to make an election to reversion at the last day of the plan year (and to make any extensions, except for extensions in accordance with this paragraph (2)); or (b) On or after March 31, 2024 and before the end of a plan year, or under a plan amendment to reversion, any of the following will not apply: (i) If the trustee was authorized to make an election under paragraph (a) of this section, all obligations to make payments due on, or to satisfy, future payments under a life insurance contract shall be refunded or reduced, as appropriate in accordance with the terms of the agreement (other than under section 204A(a)(5)) for one or more of the following reasons: (A) For failure to make a payment on account of a nonpayment; (B) For failure to make a payment due under a non-insured event that has not been satisfied; (C) For failure to receive payment, or for failure to take into account the interest accrued on an investment, arising after May 31, 2024 or before March 31, 2029, as the case may be, and arising after the earliest of-- (i) December 31, 2028; or (ii) the date on which the plan is modified under section 7805(h), (ii) a reversion event and the reversion period terminates within 120 days after the date of the reversion event; (iii) for a plan on or after July 1, 2022, but before April 28, 2031, this paragraph (a)(2) will not apply; or (iv) for a plan on or after January 1, 2026, this paragraph (a)(2) will not apply.

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