Jump to content

Asset sale within a current plan


Recommended Posts

Hello, Employer A owned 100% of 3 other companies.  Employer A sponsors a 401(k) plan in which the 3 companies signed Participating Employer Agreements.  I found out today that Employer A sold the 3 companies a few years through an Asset sale. 

  1. Can I amend plan now to indicate that a controlled group no longer exists?
  2. Should cessation agreements have been generated for each Particpating Employer?  Or does the type of sale negate the PEA?
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...