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Showing results for tags 'Timing of Adoption'.
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Have a small defined benefit plan and 401(k) plan covering only the owner. He started as a sole proprietor and adopted both plans as such effective 1/1/2014. Without any communication, he incorporated effective 1/1/2015. We just found out about it now. Would it be possible to have the corporation adopt both plans as a successor employer and plan sponsor effective for the 2015 year now in late February 2016? I wonder what happens as he would have no sole proprietor income in 2015 but has W-2 salary.
