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September 27th, 2022
Information & Insights for the 403(b) Community
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Ask the Experts
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Does a plan’s name have to change when a plan sponsor’s name changes?
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"Have you ever seen a plan sponsor go through a name change? I work with a 501(c) private tax-exempt health care client that is changing its name for branding purposes and has asked if there is anything it needs to do in terms of its 403(b) and 457(b); both plan names include the current organization name. I’m directing the client to its retirement plan counsel, of course, but was curious if the Experts had ever encountered this. Does the plan name typically change as well? The plan sponsor name is listed in the plan document, so I assume this requires an amendment at a minimum."
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