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Full Vesting Required Due to Termination of All Participant-Employees Upon Sale of Company?
BenefitsLink Message BoardsLink to more items from this source
June 9, 2021

"Client's owner sold the company. All employees have been hired by the new company. The plan itself is staying open for a few years, because the owner now works as a consultant for the buyer and is getting paid through the old company. I know that, were the plan to formally terminate, everyone becomes automatically 100% vested, but this isn't a plan termination. Full vesting required here?"

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