Jump to content

Can Nonqualified Plans Be Merged??

Guest T-BONE

Recommended Posts

Assume Company A acquires Company B, and both have similar (but not the same) nonqualified plans.

Under both plans, you receive a distribution when you terminate emloyment or retire, and you make an annual election for "how" you want your benefits distributed (this is NOT a class year election, it applies to all of the employee's contributions). There are some subtle differences between the two plans regarding the frequency and period of installment payments available.

I understand that the change of corporate control may "trigger" accelerated benefits, vesting, etc. I also understand that generally, the buyer will decide to either terminate, freeze, or adopt the sellers plan. My question: is it possible to merge the two plans? If possible, what issues should be addressed prior to merger?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...