Plan Conversion
We will need a few documents from your current provider, to ensure a smooth transition. After the below documents are received, we will provide an updated Plan Adoption Agreement for finalization.
- Current plan documents - Including your Basic Plan Document, Adoption Agreement, Summary Plan Description, and Loan Policy (if applicable)
- Census from current retirement plan provider, including terminated participants - Should include social security numbers, first and last name, dates of birth, dates of hire, dates of termination, dates of rehire, and compensation
- Information on participants with open loan balances (should be on census)
- Prior year Form 5500 - Should be signed copy submitted to the IRS. For all plans other than one-participant plans, a copy can be found at the link below. https://www.efast.dol.gov/portal/app/disseminatePublic?execution=e2s1
- Prior year compliance test results - Including but not limited to ADP/ACP Testing Results, Top Heavy Test, HCE/NHCE Determination, 410(b) Coverage Testing
- Trust Statement from Prior Provider from the the beginning of the Plan Year to the date the account went to zero (to include the transfer to JPM)
If your organization is undergoing a transaction such as a merger or acquisition, we will need additional information at the request of our compliance team.