Guest friedbrain Posted January 29, 1999 Posted January 29, 1999 Hypo: Company A acquires Company B in 1998. Company B maintains a SARSEP. For 1999, based on 414(B), do all employees of A & B have to be considered in satisfying the 25 or less eligible employee test? Assuming yes and SARSEP passes test, do all eligible employees of A & B who have 3/5 years of service w/either A or B receive contributions? Any guidance/advice is much appreciated.
Gary Lesser Posted February 15, 1999 Posted February 15, 1999 Yes (for the purpose of satisfying the 3/5 year eligibility req't all e/ees of related e/ers are considered). No grace period rules as in SIMPLE plans. [This message has been edited by Gary Steven Lesser (edited 02-14-99).]
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