OHOSPs THAT CLOSE AFTER DECEMBER 31, 2005
• Plans that have not reached the end of their seventh year on or before December 31, 2005, do not
have to be closed. The funds can remain in the account after December 31, 2005, however the plan
will no longer be considered an OHOSP.
• Funds withdrawn after this date are not subject to the 25% withholding rule and can be used for any
purpose.
• Plans that have not reached the end of their seventh year on or before December 31, 2005, do not
have to be closed. The funds can remain in the account after December 31, 2005, however the plan
will no longer be considered an OHOSP.
• Funds withdrawn after this date are not subject to the 25% withholding rule and can be used for any
purpose.