Guest rim Posted October 14, 1999 Share Posted October 14, 1999 If a profit sharing plan is taken over in a transaction and the new company does not plan to make contributions but has tactical reasons to keep the plan going for some period of time (ie, 3 years) and then the new company plans to terminate the plan- can the company wait until after the 3 years have past to vest the participants, or is immediate vesting required? Link to comment Share on other sites More sharing options...
Ervin Barham Posted October 15, 1999 Share Posted October 15, 1999 Full vesting is generally required upon a discontinuance of contributions. Code Sec. 411(d)(3)(B). Link to comment Share on other sites More sharing options...
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