Slem Posted June 25, 2021 Report Share Posted June 25, 2021 Company A is acquiring Company B via stock acquisition. Both companies currently sponsor retirement plans. Company A has a stand alone plan and Company B is part of a PEO. Once the acquisition happens Company B will retain their own EIN and act as a subsidiary of Company A. The intent is for Company B to terminate participation in the PEO plan prior to acquisition. Post acquisition Company B will become a participating employer on the Company A plan. The question is does Company B employees have a distributable event or would participation in Company A plan be viewed as a successor plan? Link to comment Share on other sites More sharing options...
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