As a result of current economic conditions many plan sponsors are facing partial terminations of their 401(k) plans.
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It is common for the trustees and/or plan administrators of employee benefit plans to not fully understand their responsibilities as fiduciaries or the ramifications of not meeting these responsibilities.
FASB issues an update and clarification to FIN 48, Accounting for Uncertainty in Income Taxes.
These changes will shift a significant amount of debt to the balance sheets of most companies.