Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / employee-benefits-erisa-diligence-memo.docx
employee-benefits-erisa-diligence-memo.docx
Parties
HARKNESS LLP
Ardent Healthcare Holdings Inc
Ardent Capital Partners III LP
Pension Benefit Guaranty Corp
Equity Inc
Simms LLP
Reese LLP
Dates
January 20, 2025
October 28, 2024
December 5, 2024
January 9, 2025
January 12, 2025
January 17, 2025
January 1, 2022
March 14, 2022
December 31, 2021
December 31, 2022
Amounts
$620
$36.3
$23,000
$23,500
$7,500
$2.1
$345,000
$50,000
$5,000
$1,000
Obligations
The DOL has taken the position that the outer boundary of the 15th business day is not a safe harbor for large plans, and that contributions must be deposited as of the earliest date they can reasonably be segregated — typically within one to three business days of payroll
The double-trigger structure is significant because it means that the mere consummation of the Transaction does not, by itself, trigger any severance payment obligation; a qualifying termination must also occur