Guest dhoefer Posted March 23, 2004 Posted March 23, 2004 Can a company that wants to terminate their 401k profit sharing plan as of 12/31/03. Instead, they want to adopt a SIMPLE IRA plan effective 1/1/04. Can they terminate their 401k PSP effective 12/31/03, assuming no contributions or withholding was done in 2004? Can they implement a SIMPLE IRA plan beginning in 1/1/04 or is there a waiting period that must be completed after the 401(k) PSP termination?
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