Guest saotampa Posted May 1, 2007 Posted May 1, 2007 We have a client with a new plan eff 1-1-2007 that has SH Match. They were bought by another company and told to keep the current 401(k) plan in place until the end of 2007. They were told to stop the SH Match immediately. I know we must give 30 days notice to employees, so they need to fund match through that date but I wasn't sure if we could stop SH Match and use current year testing for ADP/ACP for 2007. They will rollover new plan's assets to buyer's plan at the end of 2007/beginning of 2008. Thanks for any insight.
WDIK Posted May 3, 2007 Posted May 3, 2007 but I wasn't sure if we could stop SH Match and use current year testing for ADP/ACP for 2007. What, in particular, makes you feel uncertain about the proposed course of action? ...but then again, What Do I Know?
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