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Carpenter Morse Group
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Compass Retirement Consulting Group, Inc.
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DPS Retirement Plan Consultant EPIC Retirement Plan Services
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Nicholas Pension Consultants
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Central Pension Fund of the IUOE
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Prime Pensions, Inc.
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Nova 401(k) Associates
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Retirement, LLC
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Benefit Associates, Inc.
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Retirement Plan Legal Specialist Pentegra
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Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc.
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Central Pension Fund of the IUOE
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United 401(k) Plans, Inc.
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| Pay a Bonus to a Terminated Participant Equal to the Amount Forfeited under Their Retirement Plan? BenefitsLink Message Boards  Aug. 12, 2021 "In a profit-sharing only plan, is anyone aware of a problem with paying a terminated participant an amount equal to any account forfeitures upon termination? As an incentive, the company offers to pay a particular employee a bonus upon termination of an amount equal to the unvested portion of the employee's PS account that is forfeited upon termination. The payment would be taxable and paid entirely outside the plan. The forfeitures would stay in the plan and be used according to its terms. Am I missing anything that would make this problematic?" |
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