Santo Gold
Oct 20 2006, 05:29 AM
Employer wants to fully vest all existing participants in the company retirement plan as of the date of sale to a new owner. Then revert back to the existing schedule for all new participants after that. As long as the change applies to everyone equally this should be OK, correct?
Thanks
pax
Oct 20 2006, 07:41 AM
Can you provide immediate vesting for all current participants, and a new schedule tomorrow? Yes, but would this be subject to BRF testing?
Don't forget, on the day after the sale, the seller is no longer in charge.
12AX7
Oct 20 2006, 01:08 PM
Would an amended vesting schedule be subject to a BRF test? I didn't think vesting (schedules) were. Can someone else confirm? Thanks.
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