I HAVE A CLIENT WHOSE COMPANY WAS RECENTLY ACQUIRED BY ANOTHER COMPANY. SHE RECEIVED PAPERWORK FROM HER NEW EMPLOYER ABOUT THEIR 401K PLAN. THE INSTRUCTIONS ADVISED HER THAT HER EXISTING 401K PLAN ASSETS FROM HER PREVIOUS EMPLOYER WERE GOING TO BE TRANSFERRED TO THE NEW 401K PLAN CUSTODIAN.

I THOUGHT THAT WHEN YOUR COMPANY WAS ACQUIRED, THE EMPLOYEE HAD THE RIGHT TO ROLL OVER ASSETS INTO AN IRA, WHICH IS WHAT HER CHOICE WOULD BE.

CAN SOMEONE PROVIDE SOME INFORMATION OR EXPERIENCES ABOUT THIS.

RESPECTFULLY YOURS,

BERNARD A. FAGNANI CPA/PFS