Retirement, LLC
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NFL Player Benefit Office
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Sentinel Benefits & Financial Group
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Senior Actuarial Analyst/ Project Manager Van Iwaarden Associates
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United Benefit Pensions Inc.
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Hessel & Associates, LLC
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Defined Benefit Plan Consultant Sentinel Benefits & Financial Group
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Retirement, LLC
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Nicholas Pension Consultants
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Senior Retirement Plan Administrator Enhanced Retirement Solutions
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Sr. Retirement Plan Administrator Tycor Benefit Administrators, Inc.
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Senior Administrator / Site Manager Nicholas Pension Consultants
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Sentinel Benefits & Financial Group
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Defined Benefit Pension Consultant The Ryding Company
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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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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