Case Study

Compliance Review in Anticipation of DC Plan Merger


After making several acquisitions, an American healthcare company was the sponsor of several different 401(k) plans. The plans were being managed individually by the acquired companies — now business units within the parent firm — and though the 401(k) plans had been in existence for several years, they had not made timely contributions and had never filed Forms 5500. Executive leadership wanted to merge the plans, but knew there were serious compliance issued that needed to be resolved before freezing the acquired plans.