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How do I convert my Profit Sharing Plan to a Principal Trust Individual 401(k)? What forms do I need to fill out and send?

April 26, 2017convert forms individual k Plan Principal profit sharing Trust

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How do I convert my Profit Sharing Plan to a Principal Trust Individual 401(k)? What forms do I need to fill out and send?

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You’ll need to: • Complete an Individual 401(k) Adoption Agreement packet (PDF: 703 KB) • Change the registration on your existing Profit Sharing Plan to an Individual 401(k) Plan • Fill out and submit the Individual 401(k) Consolidation Request Form (PDF: 78 KB) • Send a check with the adoption agreement for the $100 acceptance fee, $250 annual fee and $75 for each additional participant to the address specified on the adoption agreement