khn Posted January 21, 2016 Posted January 21, 2016 A company has a board resolution saying a plan will be merged as of April 1st, with contributions into the plan ceasing before that, at the prior year end. If administratively the actual conversion of assets cannot happen until April 30th, is that an issue? Does a new resolution need to be enacted?
david rigby Posted January 21, 2016 Posted January 21, 2016 If the plan's are merged, does that not change "ownership" of the assets from the disappearing plan? Location of the assets is not as important as which plan owns them. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
khn Posted January 21, 2016 Author Posted January 21, 2016 Thanks for your reply. I forgot to mention these are two plans under the same University so no change of ownership.
K2retire Posted January 21, 2016 Posted January 21, 2016 The change of ownership is from Plan A to Plan B.
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