Triggering Event with Multiple ER Arrangement

[Guest Jim Kais]

Company ABC participates in a Multiple ER Plan within a PEO arrangement. Employee with Company ABC terminates employment, but continues to work for Company DEF, which happens to be another participating employer within the same arrangement. Is there a distributable event here or would you transfer the assets just as if you would transfer prior credit for service, etc. (in accordance with the plan document of course)?

Thank you!

[Guest cease]

Jim Kais,

Please review the following to see if they can help with your question. Unfortuneately, there appears to be two answers to this question:

1. Rev. Rul 80-128

2. GCM 39384

Also, does the plan document maintained by the PEO address movement within participating employers of the PEO?

cease