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Posted

I have a prospect that is a part of a PEP.  He wants to exit out of it and operate his own 401(k).  I have never done this but from what I'm reading it's not a simple task.  Anyone have insight as to if it can be done and if so, how?  Thanks

Posted

Obviously, you communicate with the PEP. The mechanics are, your prospect's portion of the PEP will be spun off into a single employer plan. It's definitely doable.

Luke Bailey

Senior Counsel

Clark Hill PLC

214-651-4572 (O) | LBailey@clarkhill.com

2600 Dallas Parkway Suite 600

Frisco, TX 75034

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