Guest Wondering Posted March 26, 1999 Posted March 26, 1999 Company is transferring its 401(k) plan to a newly formed holding company, with no changes to plan. The plan and SPD will be amended for name change. Any other considerations administrative or otherwise?
Guest Dook Posted March 27, 1999 Posted March 27, 1999 1. 5500 form will have to recognize change of Plan Sponsor. 2. The former sponsoring employer, which I assume is still around and employees most if not all employees, will now have to adopt the plan as a member of the controlled group. 3. Any other companies under the holding company umbrella will have to be looked at for coverage. If it is a standardized document, all controlled group members must adopt. I'm sure there are more, I'll let others add on.
Guest TortoraG Posted March 30, 1999 Posted March 30, 1999 Another item: Resolutions should be adopted by holding company and subsidiary company changing Employer from old company to new company and providing for effective date.
david rigby Posted March 31, 1999 Posted March 31, 1999 Don't forget to include the trustee in documenting the change. 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.
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