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Posted

Sole proprietor sponsor a qualified plan. Starting 1/1/22 it became a corporation. New name, new EIN. Besides restating the plan to reflect change in business structure, name, EIN, etc. is there any other paperwork required for the new entity to continue the existing plan?  The 2022 5500 will also show the changes.

Thanks for your help

Posted

It?  Are you saying the sole proprietor became a corporation?  Perhaps the sole proprietor created a new corporation?

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.

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