ERISA13 Posted June 29, 2016 Posted June 29, 2016 If a company establishes a SIMPLE IRA plan by the October 1st deadline for 2016, does that mean they would have needed to distribute the initial 60-day election period notice by August 1st?
ETA Consulting LLC Posted June 29, 2016 Posted June 29, 2016 The 60 day period may run concurrent with the establishment of the plan in this instance. So, you may make the 60 day notice on October 1st, Or you may have the 60 day notice end on September 30th, or any period in between. Good Luck! CPC, QPA, QKA, TGPC, ERPA
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