Featured Jobs
Compass Retirement Consulting Group, Inc.
|
Retirement Plan Administrator (TPA) Retirement Plan Consultants
|
Nova 401(k) Associates
|
United 401(k) Plans, Inc.
|
Retirement Plan Legal Specialist Pentegra
|
Central Pension Fund of the IUOE
|
Retirement Plan Relationship Manager ERISA Services, Inc.
|
Trucker Huss, A Professional Corporation
|
Retirement, LLC
|
Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
|
Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc.
|
Retirement Plan Documents Specialist Loren D. Stark Company
|
Central Pension Fund of the IUOE
|
Nicholas Pension Consultants
|
Bates & Company
|
Carpenter Morse Group
|
Pentegra
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
 |    |
<< Previous news item | Next news item >>
| Plan Sponsor Acquired (Asset Sale) But 401(k) Plan Was, Um, Overlooked BenefitsLink Message Boards  Dec. 6, 2021 "Buyer purchases the assets of another company. The seller maintains a 401k plan. The attorney's overlook/never discuss the implications of the 401k and the deal closes. (Ahem.) All employees of the seller incurred a distributable event on date they were terminated by the seller and hired by the buyer. Now (one month later), the buyer wants to assume sponsorship of the seller's plan to avoid defaulted loans, distributions or any other disruption to the seller's plan. Can the distributable event be undone after closing?" |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above). |
| An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |
