New Business

[Guest HD WILLIAMS]

If an employer purchased an existing business in August, can he start a SIMPLE plan beginning in 1999? I know an employee must work two years to be eligible to participate, but I wasn't sure about a new business. Also, the business has locations in different cities. Must the employer offer the plan to the employees at all locations?

[Guest KDPINSF]

Give me a call at Merrill Lynch on (800) 937-0615. I can set up a free,

no-strings-attached conference call with our defined contribution plan group to discuss your concern.

-Keith Pagan