Guest StephenF Posted January 11, 2006 Posted January 11, 2006 We have a small software services corporation founded in 1992 that initiated a SARSEP in 1996. The Corporation is no longer a going concern and is being shut down. Is the SARSEP an asset that has value to an acquiring company?? If so what? If not, what is critical to correctly closing out the plan?
Guest mjb Posted January 11, 2006 Posted January 11, 2006 The assets of the SARSEP are held in IRAs which are owned by the participants. The company has no interest in the IRAs since the accounts are 100% vested. There is nothing to do since the SEP is not a qualified plan and there are no assets to distribute to participants.
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