Jump to content

Recommended Posts

Posted

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?

Posted

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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use