Guest2
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Thank you all.
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Terminating DB plan has excess assets to be transferred to an QRP (which is the sponsors existing 401k PSP). In the first year of the transfer, can the sponsor use part (greater than 1/7) of the excess to fund the previous years accrued profit sharing contribution? For example, transfer happens in 2025, want to use excess assets to fund 2024 profit sharing contribution in 2025.