Fringe Benefit Group
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Senior Specialist 401k Recordkeeping T Bank N.A.
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July Business Services
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July Business Services
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Great Lakes Pension Associates, Inc.
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Retirement Planners and Administrators (RPA)
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New York City District Council of Carpenters Benefit Funds
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Pollard & Associates
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Defined Contribution Account Manager Nova 401(k) Associates
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Regional Sales Director (West) July Business Services
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Greenline Wealth Management
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Retirement Solutions Specialists
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New Participants Post-Stock Deal -- Use Plan Year Comp or Prorated Comp for QACA Safe Harbor Match?
BenefitsLink Message Boards Aug. 19, 2021 "Company A acquired Company B as a new wholly owned subsidiary via stock purchase. Company B will terminate its 401(k) plan prior to close. Company B employees will participate in Company A's SH plan 10/1/2021 but will remain on Company B's payroll through 12/31/2021. Company A plan is a QACA safe harbor plan and provides that Company A will make matching and non-elective contributions based on pay for the plan year. [1] If Company B is not a participating employer in Company A's plan, does Company A need to use former Company B employee's plan year compensation when calculating non-elective contributions or can it use compensation from 10/1/2021-12/31/2021? [2] If Company B becomes a participating employer in Company A's plan, does Company A need to use former Company B employee's plan year compensation when calculating non-elective contributions or can it use compensation from 10/1/2021-12/31/2021?" |
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