The Whys and Hows of Retirement Plan Mergers
Description
Episode Summary:
In this streamlined episode, Doll Lank and Kathleen Bass define plan mergers as asset transfers to simplify administration and cut costs. The discussion explores voluntary vs. required scenarios in M&A, protected benefits pitfalls, timelines of 3-4+ months, and the critical role of ERISA counsel in comparisons, documentation, and compliance.
Key Timestamps:
00:01 - Show Introduction
00:53 - Defining Plan Merger
01:30 - Business Reasons: Costs and Culture
03:00 - Required Mergers: Termination Rules
05:00 - Difficulties: Protected Benefits
07:45 - Process: Timeline, Mapping, Communication
10:00 - TPA Coordination and Year-End Rush
12:00 - ERISA Counsel Value: Oversight and Confidence
14:30 - Advice: Start Early and Engage Counsel
16:00 - Closing Resources
About the Show:
"Employee Benefit Plans and Business Sense with Doll Lank and Kathleen Bass" demystifies ERISA, ACA, and benefits compliance. Doll Lank and Kathleen Bass guide employers and plan providers with practical strategies for federal rules in real-world operations.
United States
