Exit Planning Tools
- Day Zero Guide
- Aha Planner
Community
- The Grid

A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

Your conversations are not shared with others. We may review them to improve Zolid AI.

Ask me anything

Zolid AI may provide inaccurate info, so verify responses.

Exit Planning Tools
- Day Zero Guide
- Aha Planner
Community
- The Grid

A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

Facebook Instagram X YouTube LinkedIn

👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

Your conversations are not shared with others. We may review them to improve Zolid AI.

Ask me anything

Zolid AI may provide inaccurate info, so verify responses.

Definition of 401(k) Lateral Transfer on The Grid Glossary

401(k) Lateral Transfer

Published on 2024-05-22 | Last edited on 2024-05-23

Edit

Definition

When employees are given an option, and they decide to, laterally transfer 401k assets to finance the ESOP transition. This results in more cash made available to the selling owner at the time of closing.

401(k) Lateral Transfer

Definition

Detailed Explanation

Join The Grid to view Detailed Explanation

Definition

Detailed Explanation

Join The Grid to view Detailed Explanation

Related Questions

Join The Grid to view related questions

Related Content

Join The Grid to view related content

Related Organizations

Join The Grid to view related organizations

Related People

Join The Grid to view related people