BenefitsLink Message Boards > Contribution to an owner's individual account

Full Version: Contribution to an owner's individual account

BenefitsLink Message Boards > Retirement Plans > Retirement Plans in General

terric

Apr 23 2004, 03:12 PM

Is it a prohibited transaction if an owner makes a contribution to his individual account under a profit sharing plan during the plan year, but does not make any contribution to his employees' accounts?

WDIK

Apr 23 2004, 03:20 PM

I think I would classify it as discriminatory.

pax

Apr 23 2004, 04:37 PM

How about a violation of the plan terms?

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