NFL Player Benefit Office
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Site Manager / Senior Administrator Nicholas Pension Consultants
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Hessel & Associates, LLC
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Retirement, LLC
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Retirement, LLC
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Sentinel Benefits & Financial Group
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Sr. Retirement Plan Administrator Tycor Benefit Administrators, Inc.
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United Benefit Pensions Inc.
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Defined Benefit Plan Consultant Sentinel Benefits & Financial Group
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Aimpoint Pension
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MGKS
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Nicholas Pension Consultants
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Question 17: Sub A and Sub B are members of the same controlled group. Parent sponsors a DB plan, of which Sub B participates. Employee transfers from Sub A to Sub B. Absent Plan language, does Employee get service credit from Sub A in becoming a participant in DB plan when she transfers to Sub B? |
Answer: Yes, they would have credit from A.
Because they are a single employer, service with one member of the group is service with all of them. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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