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Successor plan rules and one participant plans


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I have a scenario where a one participant plan recently terminated their plan and is hoping to start a new 401k plan. Do the successor plan rules apply here and must the client wait 12 months before establishing the new 401k plan?

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Under what circumstances was the previous 401(k) Plan terminated?

As a general rule, my understanding is that the successor plan rules apply to all companies sponsoring a 401(k) plan. I haven't seen anything that would except a single employer plan, but I could be wrong.

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