PhilB Posted January 25, 2003 Posted January 25, 2003 Does anyone know if it is permissible to change or modify Plan Names without changing Plan Numbers on the 5500 filing? This would be done as a result of a merger of 2 plans that resulted in a different classification of employees being transferred to the plan that will survive the merger, thus rendering the name of the surviving plan inaccurate. For the terminated plan, I will file a final report since all assets were transferred out. I have not found anything to suggest that changing a plan name with an existing plan number can't be done, but thought I would check in and see if anyone knows differently. Thanks for any replies!
Mike Preston Posted January 27, 2003 Posted January 27, 2003 Plan name changes happen frequently, without change in EIN or Plan Number. Take, for example, a law firm that adds a partner and therefore wants to change the name of the Plan. It has never been a problem. Amending & restating a MP plan into a PS plan, or vice-versa, or amending a PS plan into a 401k, or vice-vesa, also happens frequently. Again, no problems I am aware of.
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