When businesses are bought, sold, or merged, companies will need to decide what to do with their retirement plans, including whether to merge, terminate a plan, or keep separate plans. If the decision is to merge plans, anti-cutback analysis must be performed, and the features and protected benefits that cannot be eliminated by law must be preserved. If terminating the plan special plan termination rules must be taken into account. This includes informing participants of plan termination and their rights under the plan. In either case, it is essential that alternatives and tradeoffs are identified and evaluated. Our team of experienced consultants in M&As will work with you and your payroll department, legal counsel, and recordkeepers to ensure that plan merger or termination is seamless.