Merger Consolidation Or Reorganization Of Plan Sponsor

Definition of "Merger, consolidation or reorganization of plan sponsor"

Marlon Mungen
  Coldwell Banker Residential Brokerage

Change in the nature of an employer or other organization that sponsors a qualified pension plan. A qualified plan must guarantee vested benefits due to participants in the event of a merger, acquisition, or change in employer status. For example, the value of benefits cannot be reduced as the result of a merger.

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