Guest ERISAcatNraleigh Posted October 20, 2004 Posted October 20, 2004 Facts: U.S. company has Puerto Rican subsidiary. In the past, employees of P.R. sub participated in the U.S. DC plan. Recently, the P.R. sub established its own P.R. DC plan, and its employees no longer participate in the U.S. plan - but they still have account balances in the U.S. plan. The parent company would like to spin-off P.R. assets/liabilities that are in the U.S. plan and merge them into the P.R. plan. Question: Are the issues here the same as if the merger were between two U.S. plans? If not, what are the differences?
david rigby Posted October 20, 2004 Posted October 20, 2004 Several prior discussion threads that might be relevant. Perhaps the Search feature would help. For example, http://benefitslink.com/boards/index.php?showtopic=11025 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Guest F1fan Posted October 20, 2004 Posted October 20, 2004 IRS Private Letter Ruling 200352016 might be of interest.
david rigby Posted October 20, 2004 Posted October 20, 2004 You can find PLRs back to 1997 here: http://www.irs.gov/foia/lists/0,,id=97705,00.html I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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