PORTE
Nov 4 2002, 10:04 AM
This may be a silly question or maybe just an error but can you have 2 plans, an ESOP(Stock Bonus Trust) and a Profit Sharing Plan run off the same document. This is a takeover plan and I have 2 5500's from the previous TPA, yet I only have one Plan doc? Has anyone else run into this situation?:confused:
Katherine
Nov 4 2002, 01:23 PM
Do you have two determination letters?
IRC401
Nov 4 2002, 09:17 PM
Yes, you can have two (or more) plans with one document.
PORTE
Nov 5 2002, 09:14 AM
I'm still trying to get one determination letter but the document has only one plan number (001) and the 5500's have two different numbers obviously. Shouldn't it state in the Plan document that it is two entirely separate plans? Why file separate 5500's when you have one doc?
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please
click here.