Guest CJErisa Posted November 17, 2011 Report Share Posted November 17, 2011 Hopefully someone can provide some input on this issue.... New Company is acquiring substantially all of the assets of Old Company in an asset deal. New Company will continue Old Company's business and will continue to employ substantially all of Old COmpany's employees. Old Company will cease to exist after the deal closes on Nov. 30. Old COmpany has a SIMPLE IRA for its employees that New Company intends to continue "as-is." Does New company need to set up a new SIMPLE plan with the same FI? Or can it just assume the old plan? any thoughts are greatly appreciated as I'm not finding much guidance and we're on a very tight timeframe. Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now