ombskid Posted January 21, 2011 Posted January 21, 2011 Company A has a 401k plan that currently only has elective deferrals; match is discretionary and has not been made in years. Company B buys Company A mid year. Some Company A employees are paid by divisions of Company B and some continue in Company A. Company A employees deferrals continue to Company A plan until end of year. Plans are merged during following year. Do all compliance tests on Company A use full year Comp and deferrals, regardless of what entity they were paid from? Employees do not have the ability to withdraw and rollover because there is no distributable event, correct?
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