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Posted

A company as two branches each covered by its own PS Plan. Each Plan covers about 70 participants.

Therefore in total the company has over 100 participants, but again, each plan is under 100 participants.

Assuming you meet all the other conditons by having all qualifying assets, do these Plans require IQPA reports?

Posted

Agree with Mr. Preston but note a few generally easy-to-jump-through hoops that must be satisfied. See DOL Reg. 2520.104-46.

The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.

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