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  1. pensionnube
    An employer recently purchased another factory in another state. Currently we are within the transition rule period (not sure if it matters). The company that was aquired also has its own 401(k) plan that has yet to adopt the purchisors plan. An employee from the purchasing company is leaving that company to work at the new facility. The plan sponsor wants to term him and give him a rehiredate and consider him as an employee of the other new firm. They want to distribute his assets to the new companys 401(k) plan. In essence he would no longer be an employee of company A but now an employee of company b. Can we do this? Please bare with me i am a nube, if more info is needed i will be happy to oblige.
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