52626 Posted April 19, 2018 Posted April 19, 2018 I realize this topic was discussed in the past, but want to see if anything has changed. Company A has a SIMPLE IRA Company B has a 401(K) May 1, 2018 Company B purchases (stock purchase) Company A. Company B wants the employees of Company A to participant in the 401(k) Plan. The SIMPLE will remain in place ( "frozen") until it can be terminated. My initial thought was Company A employees cannot defer into the 401(k) Plan until 1/1/2019. Their contributions would continue to be made to the SIMPLE Plan for 2018. Company B would make the employer contribution. 1. Does Company B have to continue the SIMPLE Plan - could they leave the plan alone ( no contributions) until it can be terminated? 2. Is there any way the employees of company A can defer into the 401k plan for 2018? Or are they out of luck? thanks
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