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One person employer currently has a safe harbor plan (previously covered more employees, all of whom have left). Wants to change either to sep or simple, but the regs seem to say it can't be done if another plan is still maintained by the employer. 2006 contributions won't be made until tax filing date. Does this mean SEP or SIMPLE can't be adopted until after the 2006 contribution to the safe harbor plan is made?

Jim Geld

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