coleboy Posted February 29, 2016 Posted February 29, 2016 I have a client who terminated their 401k plan and merged its assets with an MEP plan. Now it wants to leave the MEP plan and start another 401k plan. Plan id will be 002. Is there anything I should be aware of when setting up this new plan? Thank you.
austin3515 Posted March 2, 2016 Posted March 2, 2016 You need to bring the MEP balances with you. The are taken into account for top-heavy, etc. Austin Powers, CPA, QPA, ERPA
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