HarleyBabe 1 Report post Posted September 29 Hello - I am trying to get some clarification on terminating a 403(b) plan and starting a 401(k) plan. This is already an ERISA B plan. They are a almost at the point of being a large plan filer. We are trying to avoid that of course. I have read so many different replies on if the 12 month waiting period applies. What I would like to propose is terminating the B plan 12/31/2019 and starting a K plan 1/1. However, the 12 month wait is the question. Help! The plan is invested in on the record keeper direct platform of AM Funds just as a side note. Please, any concerns or issues that occur with this, I would love the insight. Share this post Link to post Share on other sites
John Feldt ERPA CPC QPA 94 Report post Posted September 29 There is no 12 month wait. A 401(k) plan is not a successor plan to a 403(b) plan. Share this post Link to post Share on other sites
Mr Bagwell 36 Report post Posted September 30 If potential large filer under 403b, would they be a potential large filer under the 401k? You can't force the 403b money into the 401k, the employees would have to individually initiate the rollover. Would you be losing a huge advantage of no ADP testing? I've seen some 403b's to be a lot of low pay no deferring type of plan. 1 Share this post Link to post Share on other sites
