Guest dhall Posted October 18, 2010 Report Share Posted October 18, 2010 I am wondering if the IRS has taken a different stance on partial plan terminations because so many companies are having mass layoffs. It doesn't seem logical that all of these companies would be required to bump everyone up to 100% vesting in these horrible economic times. Or is the answer just, "too bad, so sad, that's the way it is regardless of what kind of economy we're in"? Link to comment Share on other sites More sharing options...
david rigby Posted October 19, 2010 Report Share Posted October 19, 2010 I am wondering if the IRS has taken a different stance on partial plan terminations because so many companies are having mass layoffs. IMHO, not a snowball's chance ..... I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
K2retire Posted October 19, 2010 Report Share Posted October 19, 2010 I am wondering if the IRS has taken a different stance on partial plan terminations because so many companies are having mass layoffs. IMHO, not a snowball's chance ..... Agreed. Remember they are far more interested in protecting participants than employers. Link to comment Share on other sites More sharing options...
Bird Posted October 19, 2010 Report Share Posted October 19, 2010 Is it such a hardship for the employer to vest at 100%? I know that forfeitures might reduce contributions, but that's not typically a big number, in my experience. Ed Snyder Link to comment Share on other sites More sharing options...
movedon Posted October 19, 2010 Report Share Posted October 19, 2010 I'd say the economy's rough on the people who got laid off, too. Link to comment Share on other sites More sharing options...
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