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Full Version: change in corporate structure and SEPs
BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans
eilano
Couple filed as self employed and funded their individual SEPs. As of 1/1/03, they became an LLC and hired an employee. Do they need to change their SEP documents, etc.?
mbozek
What does the plan document say about adoption by a sucessor employer. A well drafted plan permits a sucessor to adopt the plan. Otherwise why not have the LLC adopt its own SEP for the 1/1/03 plan year?
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