Stock Purchase / Terminate Seller Plan

[Guest SWH]

A and B both have Safe Harbor Plans.

B is purchasing A via a stock purchase and the intention is to amend to terminate A's plan prior to stock purchase date.

After the stock purchase, A is to go away(almost immediately) and only B will survive. All employees will be B employees.

Given this scenario, just wanted to check and see if I was thinking right....

A employees can choose to take their monies or roll into B's current plan as rollover contributions. A employees can be immediately eligible under B's plan once signed up as B employees. (Not planning on A adopting B plan since A is going away.)

The A plan will totally go away once all distributions paid out. B will go on like nothing happened?

I don't have to worry about a successor plan, do I? B already has plan but this wouldn't limit distributions from A if A terminated before stock purchase. Right?

(I have chased myself in a circle over this ...... someone get me off this ride!!!)

[Guest SWH]

okay... they have changed information on me.....

A may not go away right away....

So I think that we might have A adopting B's plan after the purchase....clears the matter up some I think b/c that would be a successor plan.