Guest perplexedbypensions Posted October 5, 2006 Posted October 5, 2006 Hello! In absence of an answer in the plan document, could anyone point me in the direction to find the answer to this question... Two companies, one plan. One company in this ASG has forfeitures for the PY which need to be reallocated. Is it appropriate to reallocate among all plan participants, or only to the participants in the company that originated the forfeitures. Thank you!!
Effen Posted October 5, 2006 Posted October 5, 2006 Sorry to say, but the plan document is the only place that you will find an answer. Basically, if it isn't in the plan document, you can't do it. I doubt the plan document is silent regarding forfeitures, however I don't doubt that you might not like the answer. You may be able to change/clarify the language with an amendment, but it could only be effective prospectively. 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.
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