nancy Posted June 30, 2004 Posted June 30, 2004 A 401(k) plan is sponsored by a partnership which is comprised of the attorney's PCs. Each PC is an adopting employer of the plan. When a partner leaves the partnership must the partnership do anything to remove the PC that left? The PC is still in existence.
Blinky the 3-eyed Fish Posted June 30, 2004 Posted June 30, 2004 If you don't want the PC to continue to be a plan sponsor, then yes, you need to amend the plan to remove them. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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