Mel_1999

Plan A is merging into Plan B. Plan A allows for in-service at age 59 1/2 from deferral account and Plan B does not. What needs to be done in order to protect this benefit? Is an amendment required to Plan B's document, or do I need to just include language in the merger resolution?

Thank you.

I know that in-service withdrawals are a protected benefit, but what about limitations on such withdrawals? For example, if the participant is only allowed 2 withdrawals per Plan Year. Would this also be considered a protected benefit? Or would this be an administrative election?

A plan was submitted for a favorable determination letter and the IRS found a problem with the date a participation agreement was signed. We amended to change the company name and EIN and the date signed conflicts with the prior agreement. Can a plan be retroactively amended to correct this type of error once the plan has been submitted?

Can a money purchase pension plan be merged into a 403(b) Plan?

Thanks so much for your help on this.

No it does not.

We have a profit sharing plan (12/31 PYE) that currently has an integrated ps formula with an accrual requirement of 1,000 hours and last day. The client wants to amend the profit sharing formula to cross-tested and remove all accrual requirements effective January 1, 2017. If we are removing the accrual requirements for receiving profit sharing contributions, can it still be amended for the 2017 PY to change the contribution formula?

Can a 401(k) plan with an eligibility service requirement of 30 days of service (elapsed time), exclude employees who work less than 20 hours per week?