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Related Employer Question


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Hello, Company A acquired Company B in a stock sale effective 1/1/2020. Company B has a 401(k) plan that merged into Company A's plan 1/1/2021. 

Company B's former recordkeeper is asking Company A to complete some questions in regards to upcoming non-discrimination testing, as the new owner. One question they are asking for the 2020 plan year is 'Does your Company (B) have any related employers?'
Since Company B was newly purchased by Company A in 2020, is it now a related employer?

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