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Simple IRA

Guest CM Klein

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Guest CM Klein

Limited partnership company just signing up for Simple IRA plan in SD. The majority stock holder (99%) also has majority stock ownership (98%) in another limited partnership company in CA. The CA company already has a Simple IRA plan in place where they have set the employee eligibility requirements of 2 years employment before able to participate. Here in the SD company, we want the employee eligibility requirement to be 90 days employment. This is OK with broker, however, accountant says there are discrimination issues with government to be concerned about. Any ideas or thoughts?

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