Belgarath Posted August 4, 2020 Report Share Posted August 4, 2020 https://www.businessofbenefits.com/2020/08/articles/403b/are-there-partial-terminations-of-403b-plans/ The information in this article, while interesting (and I didn't bother to evaluate it), makes no difference to us, as our plans provide for 100% vesting upon full or partial termination anyway. I expect most plans do... Link to comment Share on other sites More sharing options...
Dave Baker Posted August 5, 2020 Report Share Posted August 5, 2020 403(b) plans? Link to comment Share on other sites More sharing options...
Belgarath Posted August 5, 2020 Author Report Share Posted August 5, 2020 Yes. Link to comment Share on other sites More sharing options...
Patricia Neal Jensen Posted August 5, 2020 Report Share Posted August 5, 2020 Good article and useful information. Full termination is covered in our documents but not partial. At least not in the 403(b) documents we use. It references the applicable law so you are back where you started. Almost all of our 403(b) plans use 100% vesting for all employer contributions, though. Patricia Neal Jensen, JD Vice President and Nonprofit Practice Leader |Future Plan, an Ascensus Company 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 E patricia.jensen@futureplan.com P 949-325-6727 Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now