Retirement Plans: To Vest or Not To Vest

Plan sponsors should review their plan documents to determine whether the Act’s relief can be applied to their retirement plans. For many companies, 2020 was a difficult financial year. As a result, many companies had no choice but to implement reductions in force. One frequently misunderstood collateral issue associated with a reduction in force is its potential impact on the company’s retirement plan....
By: Arent Fox

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