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Merging 401(k) Plan Into Plan of Unrelated Company; All Participants Now Employed by That Company
BenefitsLink Message Boards Link to more items from this source
July 25, 2018
401k plan sponsor (Company A) wants to know if it can merge its plan into the plan of another employer (Company B). There's been no transaction between the 2 companies; they're separate ongoing entities. Company A's employees were terminated, and then were hired by Company B. The language in the Company A's plan document doesn't specify that a merger may take place only as a result of an acquisition. If we are allowed to merge, do the former employees need to be offered an opportunity to take distributions?

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