Lori H Posted September 12, 2016 Report Share Posted September 12, 2016 a large plan is being merged. The auditors opinion states the plan is terminating in a few notes on the audit. It also does mention the plan is terminating due to merger. Would referencing a termination be technically ok from an IRS/DOL standpoint? Also on the Schedule H question 5A ask has a resolution to terminate the plan been adopted... Would the plan sponsor answer this as "no" and then complete 5B with the information that the plan is being merged with? Thanks Link to comment Share on other sites More sharing options...
Lou S. Posted September 12, 2016 Report Share Posted September 12, 2016 I think the language in the audit is semantic. It is not definitive and as long as it references the merger somewhere I personally wouldn't have a problem with it. I would answer NO on 5A as the Plan has not formally terminated but rather merged with another plan. On 5B yes complete the information for the Plan merging to. Link to comment Share on other sites More sharing options...
My 2 cents Posted September 13, 2016 Report Share Posted September 13, 2016 The merger involves a large plan. Is the identity of the plan in question changing or not (i.e., the other plan is merging into it)? Always check with your actuary first! Link to comment Share on other sites More sharing options...
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