Is there a grace period that can be used by an employer that ceases to satisfy the 100-employee limitation?
An employer that previously maintained a SIMPLE IRA plan is treated as satisfying the 100-employee limitation for the 2 calendar years immediately following the calendar year for which it last satisfied the 100-employee limitation. However, if the failure to satisfy the 100-employee limitation is due to an acquisition, disposition or similar transaction involving the employer, then the 2-year grace period will apply only in accordance with rules similar to the rules of section 410(b)(6)(C)(i).
Related Questions
- I am now in the middle of the 60 days grace period and I get a job offer from an American employer. I don want to apply for OPT, can I apply for H-1B instead?
- Is there a grace period that can be used by an employer that ceases to satisfy the 100-employee limitation?
- What period of time is used to satisfy the deductible and out-of-pocket maximums?
