Guest djn Posted August 30, 2007 Posted August 30, 2007 Hang on here, this one will take a minute to layout. ------------ Background Info ------------ Company A maintains a 401(k) plan with a Year End provision for Employer Contributions. Employee Z just got called up to active duty, effective 9/1/2007, for a one year tour. Company B will purchase assets of Company A effective 12/31/2007. All employees will terminate with Company A and be rehired by Company B. Assume that Company B will take the role of sponsor for Company A's plan. Assume that the Plan will be amended to allow for Predecessor Service for all purposes. ----------- Specific Question ----------- What happens to the 2007 Employer Contribution? Does Company B have any responsibility to Employee Z in light of assuming the role of Sponsor? Whew. Thanks!
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