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The IRS reversed its long-standing position preventing hotel management companies from letting workers take their 401(k) accounts with them when management changes, but the employees work the same job. Employee-benefits attorneys say that although the IRS decision is specific to the hotel that petitioned the IRS, it has broad implications for businesses that have a transfer of service providers.
August 03, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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