Francis Posted October 19, 2010 Share Posted October 19, 2010 Does anyone see trouble in an employer terminating its SIMPLE IRA plan for 2011 by notifying all employees before Nov 2nd 2010 that the SIMPLE IRA will be terminated effective Jan 1, 2011... and then this same employer establishes a SIMPLE IRA at some later point for the 2011 year? It may be necessary to do this (if it's allowable) because the employer isn't sure it can offer the SIMPLE IRA in 2011 and the notification requirements to employees are fast approaching. It would be helpful to terminate now for 2011 and then if things improve, the employer could then establish a SIMPLE IRA in 2011. Just trying to gain some flexibility but not run afoul of any rules. Thank you. Link to comment Share on other sites More sharing options...
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