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sar sepp sponsor changes to s-corp.


Guest De Nollid
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  • 2 weeks later...

Yes, but it is based ONLY on his/her W-2 income. Not a bad idea to have the succesor entity readopt the plan. Notify all investment accounts/brokers and request a name change(if needed).

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Guest Shelton

In this scenario, how does this affect employee eligibility? Will existing employee becomes immediately/atomically eligible, or will the same eligibility rules apply?

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It doesn't. The employer hasn't changed, only its tax status. Service is service (prior, current, and future). [Assumes that the prior unincorporated trade or business no longer exists as a sole-proprietorship and there are no "related" emplyers to speak of.]

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