Jump to content

Can a 403(b) plan be a successor plan?

Guest Karen Geiger

Recommended Posts

Guest Karen Geiger

We have a client who is dissolving its for-profit subsidiary. As a result, the 401(k) plan sponsored by the subsidiary will be terminated. The client would like to distribute the 401(k)'s assets upon termination. The client, however, sponsors a 403(B) plan, which all of the for-profit employees will be immediately eligible for once the for-profit subsidiary is dissolved. Will the 403(B) plan be considered a "successor plan" for 401(k)(10)(A)(i) purposes?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...