Guest LTurner Posted August 28, 2003 Posted August 28, 2003 We have two corporations that our attorneys are 'closing'. One had a SEP plan and one had a SIMPLE plan (mostly same ownership, all family). Are we required to give the employees any notification regarding their SEP or SIMPLE plans? A new corp is being created that will hire all the employees and they will start a new 401k. if we're starting a new 401k, for a new sub-s corp, on 9-1-03 and plan to use short plan year through 12/31. Can we give our notice to employees regarding the safe harbor match as soon as the plan is setup? Or do we have to delay the effective date of the plan to allow for a 30 day advance notice?
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