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Michigan 401k plan for small employers


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Guest nherkowitz
Posted

:unsure: Gee, I hate to be a party pooper to the Michigan politicians, but does anyone out there know how the proposed Michigan 401k plan (see http://www.plansponsor.com/pi_type10/?RECORD_ID=32399) is going to be allowed by the IRS without law changes?

It appears to me that it would have to be a multiple-employer plan and as such, would still need to perform all of the discrimination tests at the employer level.

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