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Government entity purchasing a corporation

david rigby

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Govt. owned hospital buys the practice of a doc.

Doc sponsors his/her own plan (401a plan, not 403b plan).

Doc is now an employee of the hospital.

What can/must happen to the plan?

Is the plan frozen? Terminated?

Can the hospital continue to operate the plan?

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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