whitboston Posted June 26, 2017 Posted June 26, 2017 Company had a minority ESOP that they terminated over 2 years ago when new management came in to turn around the company. They now want to start a new ESOP and sell 100% to the employees. Can this be done? Any successor plan rules to be concerned about (they seem to really apply to 401k plans). Thanks.
whitboston Posted June 29, 2017 Author Posted June 29, 2017 Thanks. That confirms what I was able to find or really not find in my research. Another lawyer did confirm the same for me as well.
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