PS Posted August 10, 2021 Report Share Posted August 10, 2021 Hi, The 401k plan that is terminating, there are few participants who have balance from prior ESOP deferral, Match. Will I need to follow the normal plan termination ( 401k plan) or since they is balance from the prior ESOP plan I need to consider anything else? Thanks Link to comment Share on other sites More sharing options...
ESOP Guy Posted August 10, 2021 Report Share Posted August 10, 2021 Are the ESOP balances now in cash or is it in company stock? Link to comment Share on other sites More sharing options...
PS Posted August 10, 2021 Author Report Share Posted August 10, 2021 cash Link to comment Share on other sites More sharing options...
ESOP Guy Posted August 10, 2021 Report Share Posted August 10, 2021 I can't think of any special issues since this is a plan termination. Link to comment Share on other sites More sharing options...
PS Posted August 11, 2021 Author Report Share Posted August 11, 2021 thank you! Link to comment Share on other sites More sharing options...
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