Guest diane3 Posted October 26, 2004 Posted October 26, 2004 Can a plan sponsor terminate their DB plan this year and open a SEP plan?
Gary Lesser Posted October 26, 2004 Posted October 26, 2004 Yes, even if DB not terminated. If DB not terminated, employer must use a prototype SEP that allows for its adoption (e.g., a prototype that is not a word-for-word adoption of a model SEP).
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