Message Boards Digest

November 24, 2020

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mattmc82 created a topic in Retirement Plans in General

Safe Harbor Plans Joining PEPs Mid Year

"With major recordkeepers announcing their PEP products this is going to be an instant question early on. If a standalone safe harbor plan wants to join a PEP, do you see any issue with that plan converting into the PEP and keeping safe harbor status (for as long as all provisions are identical)? In the past I've heard of some payroll providers not really cooperating with these types of moves as well, requiring the plan to change providers prior to coverting. Thoughts?"

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