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403(b) Plan After Acquisition


Guest sar-ihs

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We acquired a smaller hospital that operated a governmental 403(b). We are non-governmental and operate both a 401(k) and 403(b). We want to stop our involvement in sponsoring the acquired hospital's 403(b). There are no employer contributions, just employee elective deferrals. There are no plan documents just provider service agreements. With no termination provisions for 403(b) plans, how do we formally end our involvement with the acquired company's 403(b)? Can we just terminate the provider service agreements? Any advice is appreciated.

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