Selling with Retirement Plan Obligations

Retirement plans require careful handling during practice sales. 401(k) plans, pension obligations, and employee benefits must be properly addressed.

401(k) Plan Options

• Plan termination
• Sale to buyer (if they have plan)
• Merge with buyer's plan
• Continue separate plan

Employee Notifications

• Plan changes must be disclosed
• Employee rights explained
• Rollover options provided
• Timing requirements

Seller Considerations

• Final contributions
• Plan termination costs
• IRS filing requirements
• Successor liability issues

Conclusion

Retirement plan transitions require ERISA compliance. Engage benefits counsel early in sale process.

Retirement plan questions? Contact DentalBridge.