Cathy from Chicago Posted September 22, 2008 Share Posted September 22, 2008 401(k) document was amended to include company B as an additional adopting employer of Company A. The primary employer, A, merged with another company © and the plan assets of company A are being transferred to Company C's 401(k) Plan. Company A's plan is to terminate. There are two remaining participants in the B company. This company was not part of the deal between A & C. Can the two participants from B be terminated and paid out fully vested? Thanks in advance to making time to assist me with this! Link to comment Share on other sites More sharing options...
J Simmons Posted September 22, 2008 Share Posted September 22, 2008 After the trustee-to-trustee transfer from the plan of the A EEs' benefits to the C 401k plan, I think that what was the A-B plan could then be terminated, fully vesting the two employees and being the reason for a distribution even if those 2 EEs remain employed by B. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation. Link to comment Share on other sites More sharing options...
Cathy from Chicago Posted September 22, 2008 Author Share Posted September 22, 2008 After the trustee-to-trustee transfer from the plan of the A EEs' benefits to the C 401k plan, I think that what was the A-B plan could then be terminated, fully vesting the two employees and being the reason for a distribution even if those 2 EEs remain employed by B. Link to comment Share on other sites More sharing options...
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