Tom Posted May 16, 2024 Posted May 16, 2024 Plan sponsor has had 401(k) plan in which a participant is 100% in profit sharing. He wants to adopt a DB plan for 2023 and the employee terminated in 2024. Can years of service be prior to DB adoption be excluded for DB vesting? The plan document says service for vesting must be recognized for a "predecessor" plan. Does predecessor include K plan or only a prior DB plan? Thank you
Bri Posted May 16, 2024 Posted May 16, 2024 It includes plans terminated in the last five years, not currently active ones. Luke Bailey 1
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