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MGKS
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CMC Pension Professionals
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Primark Benefits
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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EPIC RPS
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Senior Defined Contribution Account Manager Nova 401(k) Associates
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Retirement Plan Relationship Manager â DB or DC Focus Trinity Pension Consultants
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United Benefit Pensions Inc.
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Jocelyn Pension Consulting
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Aimpoint Pension
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Loren D. Stark Company
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Retirement, LLC
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Loren D. Stark Company
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Nicholas Pension Consultants
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Director of Pension Administration Primark Benefits
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Question 168: What obstacles does a PEO (or any employee leasing or staffing firm) face in trying to convert to a multiple employer plan, as the IRS now suggests? Many clients have other pension plans for their employees. Can the client simply adopt another plan (the PEO plan) as an additional plan? What ongoing responsibilities exist for the client as one employer/member involved in a multiple employer plan? What liabilities are there for the client if the PEO plan is mishandled or the PEO goes out of existence? | ||
Answer: Where do I begin?
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Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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