Relief for Partial Plan Terminations May Be “Too Little, Too Early”
By EsqSocial Corporation 05/02/21
No one denies that employers confronted a plethora of challenges in 2020, and many had to make difficult decisions to reduce their workforces due to the pandemic. Such reductions in force can implicate a number of business considerations and labor laws, but for employers that sponsor qualified retirement plans, these employment decisions can inadvertently implicate the partial plan termination rules under the Internal Revenue Code....
By: Winstead PC