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Showing content with the highest reputation on 08/01/2021 in all forums
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Even better if they’re eligible to use it.1 point -
Seems to me it should work, the SECURE Act language just says adopt “a plan”, not “a new plan”. But AFAIK there is no guidance. Another option would be for B to simply adopt its own PS plan and then permissively aggregate the plans for testing.1 point
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Safe Harbor Plan Termination
Bill Presson reacted to AmyETPA for a topic
I've figured out that because it's not actually a sale but a closure because the owner is retiring we have to maintain for the full year. They will actually be operating at a loss this year so there is always that way out.1 point
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