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Showing results for tags 'imputed service'.
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Plan allows for 1 year, age 21 with dual entry dates 1/1 and 7/1. Sponsor, in February, acquires a related business with 100+ employees in an assets purchase. Plan is amended to credit service for vesting and eligibility with acquired company. For this year's ADP testing (the year of acquisition) may we test the group of acquired employees (with appropriate service) separately as otherwise excludible (or some other classification) or must we test them all together or, alternatively, do we have a choice? To me, the regs seems ambiguous. These employees were able to defer during the acquisition year, but only had imputed service for eligibility purposes. Thank you.
