Guest kdp Posted June 28, 2002 Posted June 28, 2002 I can't seem to find a required format to notify participants of the propsed merger of the money purchase plan into the profit sharing plan. Is there a required format and if so where can I find it? :confused:
mbozek Posted June 28, 2002 Posted June 28, 2002 I dont know what you mean by a required format. The disclosure requirements for merging a mp plan into a ps plan are dependent on the terms of the merger and the decisions made by the MP sponsor. See IRS Rev. Rule 2002-42 for details of what is required for continued qualification of the merger of an MP plan. Also there are proposed regs on the requirements for issuing a 204(h) notice if the MP contributions are to be substantially reduced after the merger. mjb
david rigby Posted June 28, 2002 Posted June 28, 2002 This might help. http://www.benefitslink.com/IRS/revrul2002-42.shtml I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
KJohnson Posted June 28, 2002 Posted June 28, 2002 Also Corbel has a package (this is copyrighted) that can be found at: http://www.corbel.com/news/docs/Mergerpackage.doc I am not sure whether this has been revised based on the new 204(h) regs.
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