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Partnership to Corporation/What to do with existing plans?


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Guest Thornton
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A partnership incorporates effective 1/01/99. The partnership maintained standardized mppp and p/s plans. The company changed investment managers and retained a new TPA, both effective 1/01/99. The company wishes to restate onto the new TPA's prototypes. Can the new entity, with a new EIN, adopt and maintain the plans with a restatement or should they be terminated and new plans started? Thanks.

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