When can I set up a new plan after terminating the old one?

Hi

The sponsor terminated the DB plan in 2024 - not sure when the distributions happened - 2024 or 2025 - waiting for info, I did not do the termination and this will be a takeover.

The sponsor now decides that termination was a mistake and wants another DB plan.

As far as I know, there is no 1 year wait on this situation and can start the new plan in 2025 even if the final distributions happened in 2025 (they did unfortunately and account is closed, no luck there to rescind the termination).

Am I forgetting anything?

Thanks

You can start a new plan whenever you want.  You can also have 2 plans at the same time.  You will need to account for prior distributions when looking at 415 limits and applicable non-discrimination rules.

Agreed, but if the first plan was in place less than 10 years then IRS could challenge its "permanency" - so they may want to get their ducks in a row regarding business reason for the termination.

thank you both for your input.