LVanSteeter
Aug 4 2003, 01:41 PM
New 401a profit sharing plan, first year filing.
Are they covered under the 410(b)(6)© acquisition or disposition rule?
KristinaGK
Aug 19 2003, 02:34 PM
I agree with Katherine.
Establishing a new plan is neither an acquisition or a disposition. Acquisitions and dispositions refer to buying and selling companies, locations, branches, etc.
A new plan does not have an automatic pass of 410(b).