Jim Chad Posted March 23, 2011 Posted March 23, 2011 Company A had a 401(k) Plan. New doctor was hired. New doctor and older doctor formed new companies. I am not sure if this is the way to say it. But I think both companies became employees of Company A. And both companies became Participating employers in the 401(k) Plan sponsored by company A. Things went bad and new doctor left. Older doctor removed new doctors company from being a Participating employer. New doctor was partially vested when he left. Do his years with his company after separation count toward vesting in older doctor's Plan?
Lou S. Posted March 23, 2011 Posted March 23, 2011 Presumably new Doc had been funding those contribs from his company as a participating employer no? Wouldn't he have just spun off the balance to his new company vested and non-vested? If he was just an employee of old doc, then no he's now a former employee of old doc and an employee of the new company.
Jim Chad Posted March 25, 2011 Author Posted March 25, 2011 Good points, Lou If that had been done, I would know where we are. They split up 17 months ago. The Plan was not split up. Does the young doctor have any options at this point?
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