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Same Desk Rule, Spinoff?


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Guest chris4013
Posted

Company A, A health care company owns 34% of Company B. Company A also provides managerial functions for Company A until 12/31 when their contract expires. The 2 remaining sh want to create a new plan on 1/1 and rollover the assets of their 30+ new employees, formerly employed by Company A. Nothing has changed about the work being performed by those 30+ ees.

How do we create a new plan? Does company B need to maintain their current vesting, and prior creditted service? Is company required to vest them at 100%.

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