The IRS issued a revenue ruling discussing the requirements for properly terminating a 403(b) plan. These include various distribution requirements depending on what funding mediums are used in the 403(b) plan, as well as the prohibition on contributions to another 403(b) plan for 12 months following the termination. The ruling gives examples of actions taken on termination by 403(b) plan sponsors and explains why each termination was done properly. (Rev. Rul. 2011-7).