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401(a) Plan


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Guest Form5500Guru™
Posted

Does anyone have any experience with freezing a 401(a) plan and the steps involved? The plan in question has several compliance problems and the current TPA has not not been fully their obligations and has contributed to some of the operational plan issues.

Posted

Depends on the type of plan. In a profit sharing or 401(k) plan there must be substantial and ongoing contributions for the plan to avoid being deemed terminated. For a money purchase or DB plan there are various notice requirements and accrual conditions to consider.

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