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SIMPLE IRA Plan to a 401(k) Plan


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Guest dhoefer
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If a Plan Sponsor has an existing SIMPLE IRA Plan in which a contribution was made in 2002, however would now like to discontinue the SIMPLE IRA Plan and begin a Safe Harbor 401(k) Plan - can this be done? And if so, what are the limitations in regards to contributions? Does the Plan Sponsor just need to make sure contributions don't exceed the $11,000 level or is it more complex than that? Thanks.

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