Which one of the following statements is correct concerning the termination of a qualified plan?

a. Benefits become 100% vested upon termination.

b. If a defined benefit plan is terminated, the PBGC will guarantee participants 100% of their accrued benefit, even if the funding is insufficient.

c. A qualified plan must be in existence for at least 3 years before it can be terminated.

d. A Distress Termination occurs when the employer no longer wants to