DC ERISA Attorney

The dialogue above is certainly impressive. It occurs to me that the best solution involves creating a short form spin-off seller plan (that mirrors the multiple plan) soon before the closing, and then terminating that "transitional" seller plan a moment before closing - with the asset distributions and transfers to follow. This would seem to avoid having buyer inherit the seller's 401(k)plan, while allowing seller's employees to immediately participate in buyer's plan.