CAR Posted September 28, 2015 Posted September 28, 2015 I have notified all of my clients that I am retiring and closing my TPA business by the end of this year. However, I have one client, with a 401k Safe Harbor plan who is also retiring and closing his practice as of January or February next year. I do not want to have to restate his plan for only two months of operation in 2016 because of the cost to him and the time/effort by me. Is there a tack-on amendment I can use for my EGTRRA prototype plan that will pass if the plan assets do not get 100% distributed before the April 2016 restatement deadline. Or is this cutting it too close for comfort?
Bird Posted September 29, 2015 Posted September 29, 2015 That's really a question for your document provider. I believe you can do an amendment and don't have to restate, but don't recall for sure...in my practice and with my provider (Ft William) it is just as easy/easier to do the restatement (and be 100% sure about it being ok) than to even think about an amendment. Ed Snyder
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