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Terminating MEP participation to start a stand-alone plan


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A potential client is leaving an MEP (Multiple Employer Plan) and wants to start a new stand-alone plan mid-year with the intent on moving the assets over to the new plan. The plan is NOT safe harbor. 

Since this will be a successor plan, does the new plan require a short initial plan year or is there a way to avoid the short plan year?  

 

 

 

 

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