Merger, Consolidation Or Reorganization Of Plan Sponsor

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

Marlon Mungen real estate agent

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Marlon Mungenelite badge icon

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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