Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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We're In a Controlled Group. What Happens to Our 401(k) Plan Now?
Employee Benefits Law Group Apr. 20, 2022 "Whether you made the mistake of thinking that you were or were not in either a controlled group of companies (CG) or an affiliated service group (ASG), your plan will have fundamental tax qualification issues that must be corrected ... If it turns out that some entities were not in a CG, you will have a multiple employer plan (MEP), not a single employer plan.... The issues are very similar if you mistakenly thought that certain entities were not part of the CG or ASG with the employer sponsoring the plan when in fact they were. The employers may all have separate plans and some may not." |
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