Blue Ridge ESOP Associates Industry News

Partial Plan Termination

Posted by Pam Themar

Jul 30, 2020 8:34:07 AM

The recent COVID-19 pandemic may have unfortunately caused your company to close a division or location or to lay off employees. One possible impact to your ESOP or 401(k) plan due to this reduction in workforce is whether a partial plan termination (PPT) has occurred. A partial plan termination can be triggered by a single significant event or by a series of smaller events.

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Topics: Partial Plan Termination

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