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Full Version: Establishing SIMPLE plan with existing DB or DC plan - limits in 2000?
BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans
Ted Munice
What limitations are there for establishing a SIMPLE IRA or SIMPLE 401k in 2000 if the company already has (1) a defined benefit plan, and/or (2) a profit sharing plan?
Bill Berke
Code Section 408(p)(2)(D) says employer may not adopt SIMPLE during any period in which employer contributed to another plan or that other plan accrued benefits(except union plan)
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