Guest Tiredoferisa Posted May 15, 2004 Share Posted May 15, 2004 Company A sponsors a p/s plan with no J&S language. Company B sponsors a non-union DB Plan with J&S language. Company C purchases Company B (stock deal) and terminates Company B's DB Plan. Before IRS provides Determination on Termination and prior to distribution of benefits from Company B's DB Plan, Company A purchases Company C. Some participants in the terminated Company B DB Plan want to roll their benefits into Company A's p/s plan (Company A's p/s plan does allow rollovers, even for non-participants such as a new hire). Does J&S language from Company B's DB Plan stay with those assets in Company A's Plan? Link to comment Share on other sites More sharing options...
JanetM Posted May 17, 2004 Share Posted May 17, 2004 Not if participants are rolling over from DB plan and they get the spousal waiver to take lump sum. If this is plan merger then the J&S still applys to the benefit. JanetM CPA, MBA Link to comment Share on other sites More sharing options...
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