Guest Lawrence_Groves Posted July 21, 2004 Posted July 21, 2004 Controlled group of companies all with their own 401(k) Plans. One company closes down and terminates its 401(k) Plan. Employees of terminated company are transferred to another company in the controlled group. Do the prior plan assets of the transferred employees have to be transferred to the new 401(k) Plan or can they be distributed?
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