BW Posted October 27, 2018 Posted October 27, 2018 I have two companies in a control group. Each company sponsors its own plan. Currently the plans are identical. They run their own payroll and have their respective benefits managers. One company now wants to add a Roth provision. Other than the potential for a BRF coverage issue is there any rule that requires this specific (or any other plan design feature) be coordinated between plans provided each could pass the BRF test?
Larry Starr Posted October 27, 2018 Posted October 27, 2018 Nope. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
david rigby Posted October 27, 2018 Posted October 27, 2018 Possibly, a collective bargaining agreement. 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.
ERISAAPPLE Posted October 28, 2018 Posted October 28, 2018 Are the plans aggregated to pass 410(b) or does each pass separately?
imchipbrown Posted October 29, 2018 Posted October 29, 2018 Why not just make the change to both and be done with it?
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