ConnieStorer Posted September 9, 2020 Posted September 9, 2020 Does anyone have the name of a Company that could help facilitate the merger of an overfunded sole proprietor plan with an unrelated company that has an underfunded plan? Thanks for any suggestions. We cannot increase benefits for this sole prop and he has no employees that can be added to the Plan. He really wants to avoid the huge tax liability with a reversion.
Doghouse Posted September 9, 2020 Posted September 9, 2020 I think QBI does some work in this area: http://qbillc.com/blog/how-do-defined-benefit-and-cash-balance-plans-become-over-funded
david rigby Posted September 9, 2020 Posted September 9, 2020 Ask Mike Preston, at prestonactuarial.com I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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