Company A has a long term, Trustee Directed PSP on the books. About 300 employees in total.
Company A buys a new business, under new DBA and corporation. Does not want to add the employees from the new Acquisition to the existing PSP. Would prefer to keep them separate. Does not want to offer a plan to the employees of the new business.
Is it possible to keep the existing plan, with no additional new money contributions?? Or would the plan have to compensate the new employees from the new acquisition? Or have to dissolve the existing plan if not willing to add the new employees to the existing plan? Or start a new plan all together for them??
THanks,
T
