TPA Bob Posted February 23, 2021 Share Posted February 23, 2021 We have a dental office client who has a qualified retirement plan (401(k)) and has signed up for and is now under a PEO arrangement. The PEO sponsors its own retirement plan and the employees will now be participating in that Plan. Have been asked options for the participants if any resulting from the termination of their Dental Plan. I am concerned about the replacement plan rules associated with going to a PEO and what options are available to the participants (if any). Under 401(k)(10) - would the PEO be considered a "replacement plan"? Link to comment Share on other sites More sharing options...
Alonzo Church Posted February 23, 2021 Share Posted February 23, 2021 Is the new plan an actual PEP plan, or is it the same sort of open MEP that was around prior to the SECURE Act? Also, did you attempt to trigger distributions as a result of moving from Plan A to Plan B? Link to comment Share on other sites More sharing options...
TPA Bob Posted February 24, 2021 Author Share Posted February 24, 2021 Having not been able to discuss with the new provider I am not certain. I believe it is an open MEP. I will try to connect. Link to comment Share on other sites More sharing options...
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