Guest PORTE Posted November 4, 2002 Posted November 4, 2002 This may be a silly question or maybe just an error but can you have 2 plans, an ESOP(Stock Bonus Trust) and a Profit Sharing Plan run off the same document. This is a takeover plan and I have 2 5500's from the previous TPA, yet I only have one Plan doc? Has anyone else run into this situation?:confused:
IRC401 Posted November 5, 2002 Posted November 5, 2002 Yes, you can have two (or more) plans with one document.
Guest PORTE Posted November 5, 2002 Posted November 5, 2002 I'm still trying to get one determination letter but the document has only one plan number (001) and the 5500's have two different numbers obviously. Shouldn't it state in the Plan document that it is two entirely separate plans? Why file separate 5500's when you have one doc?
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