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Disqualify a SIMPLE Plan with $200 of Employer match in this year

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A company wants to start a 401(k) plan now, for the usual reasons.

They just started deferring in May so the 3 Participants don't have much money yet. I know that if they take the employee money out of the disqualified plan this year, the taxes are a wash.

But they each have between $100 and $200 in employer match? How is the match money handled?

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  • 4 months later...

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