Guest212 Posted June 25, 2019 Posted June 25, 2019 If an ESOP adopts an amendment and switches from forfeitures only after a 5 year Break in Service to forfeitures effective immediately if a participant takes a cash distribution, how do you treat prior terminated employees? It seems you can’t forfeit their shares until the 5 year BIS even if they earlier took a distribution.
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