Any experience with the effect of an insurance company's demutualization process on a defined benefit plan and welfare plans? Compensation is coming to pension and welfare plans from the demutualization process. Insurance company wants company to elect compensation solely in either cash or stock. Company wants a combination of both. Any other issues?

There was a pretty comprehensive article in the RIA Pension & Benefits Week Newsletter from 8/2/99, entitled "Anticipating Employers' ERISA and Tax Consequences from Health Insurance Company Demutualizations."

From the January 21, 2000 issue of Segal Company's Compliance Alert:

Imminent Demutualization of MetLife May Affect Employee Benefit Plans (http://www.segalco.com/compliancealert.html)

See Winter 1999 edition of Benefits Law Journal, page 7.