Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Bates & Company, Inc.
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Controlled Group Spinoff Situation
BenefitsLink Message Boards July 22, 2021 "One of my clients is part of a controlled group and is terminating its plan. Company A is the parent company, Company B is the controlled entity. There will be a spinoff of Company B. Once the plan is set up and funds moved from Company A to the spinoff plan, the plan will terminate. How do they determine what the termination will be for the spinoff plan? Also I believe the parent company will need to amend the adoption agreement, by removing Company B from the document. Correct?" |
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