flosfur Posted December 2, 2005 Posted December 2, 2005 If an employer has a predecessor plan, then a new plan cannot exclude service prior to the new plan's effective date. What if the employer maintains two plans concurrently? For example, an employer has a 401(k) or a Profit Sharing plan which will continue in existence. The employer now wants to establish a DB Plan. For vesting, can the DB plan exclude service prior to its effective date? What happens if the non-DB plan is terminated after 2, 3, 4 ... years?
Effen Posted December 2, 2005 Posted December 2, 2005 benefits link I think the attached contains your answer. As you will see, I was shown the light. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now