Guest pjg Posted March 3, 2003 Posted March 3, 2003 New 401k plan established for Company A with initial short plan yr (short limit yr) because Co. A terminated leasing agreement mid yr with XYZ and established their own plan. Moast but not all of Co. A employees were leased from Co.XYZ. XYZ had a 401k plan that Co. A "co-sponsored" according to a letter they sent Co. A. upon termination of the leasing agreement. Co A elected to have plan assets of their employees transferred into their new plan making it a successor plan- correct? How do we do the ADP/ACP test for the first short year?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now