Loren D. Stark Company
Randall & Hurley, Inc.
EPIC Retirement Plan Services
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|Full Vesting Required Due to Termination of All Participant-Employees Upon Sale of Company?|
BenefitsLink Message Boards
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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