Definition of "Merger, consolidation or reorganization of plan sponsor"
Marlon Mungen, Real Estate Agent
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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