company dissolving and status of 401k

[tertue]

I'm thinking about the future for when my 1 employee company dissolves. Would I have to dissolve the 401k too or can it be kept alive?

Also.... I started an Individual 401k thru TDAmeritrade for my company several years back, but have transferred all funds to a different Individual 401k I started (for this same company)....Does my company technically

administer 2 401Ks even though the first one has no funds in it? Should the first 401k be "dissolved" or something?

Thanks for the insights

[ETA Consulting LLC]

I'm thinking about the future for when my 1 employee company dissolves. Would I have to dissolve the 401k too or can it be kept alive?

You should terminate the distribute the 401(k) prior to dissolving the company. When distributing the 401(k), you can roll 100% of it over to a traditional IRA in order to avoid taxes on the distribution. You'd just dissolve the 401(k).

Also.... I started an Individual 401k thru TDAmeritrade for my company several years back, but have transferred all funds to a different Individual 401k I started (for this same company)....Does my company technically

administer 2 401Ks even though the first one has no funds in it? Should the first 401k be "dissolved" or something?

Thanks for the insights

You should have only 1 401(k) plan. Upon changing to the new product at TD, you may have created a new plan with the structure of your document. It's a procedure that should've been followed, but difficult to determine exactly what was done.

Good Luck!