Acquisition of another company
HRQ
2,849 Posts
We are evaluating another company for possible acquisition. If the acquisition happens, the acquired company will keep their name but otherwise essentially become one with our company - same tax ID #'s, etc.
Of course the other company's benefits plans are very different from ours and for the first year we'd like to leave their plans "as is" to avoid "change trauma" as much as possible. We want to continue to offer their employees the same benefits they currently get, and after a year, combine the best of their and our benefits plans so all employees of the bigger-and-better company are offered the same options.
So - my question is this: Under one company, can we offer part of the staff one benefit plan, and another part of the staff another benefit plan? The biggest components include insurance, vacation/sick pay, 401k, product discounts.
Of course the other company's benefits plans are very different from ours and for the first year we'd like to leave their plans "as is" to avoid "change trauma" as much as possible. We want to continue to offer their employees the same benefits they currently get, and after a year, combine the best of their and our benefits plans so all employees of the bigger-and-better company are offered the same options.
So - my question is this: Under one company, can we offer part of the staff one benefit plan, and another part of the staff another benefit plan? The biggest components include insurance, vacation/sick pay, 401k, product discounts.
