Santo Gold Posted January 31, 2023 Share Posted January 31, 2023 In a plan merger, are the balances of prior terminees also transferred into the new 401k plan? These terminees can take their money out of the original plan at any time. but if they do not and their balance is over $5,000, they have to be rolled into the new plan, is that correct? Thank you Link to comment Share on other sites More sharing options...
Bri Posted January 31, 2023 Share Posted January 31, 2023 I'd say yes, presuming the merger documents address their and all the old plan's participants' assets. (Transferred, not rolled over, semantically speaking.) Bill Presson and Lou S. 2 Link to comment Share on other sites More sharing options...
QDROphile Posted January 31, 2023 Share Posted January 31, 2023 If there is simply a merger, yes. The “original plan” is subsumed into the merged plan. As Bri suggests, the transaction can be designed differently with different outcomes. Lou S. and Bill Presson 2 Link to comment Share on other sites More sharing options...
Santo Gold Posted February 2, 2023 Author Share Posted February 2, 2023 Appreciate the replies. Link to comment Share on other sites More sharing options...
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