Just Me Posted May 8, 2013 Report Share Posted May 8, 2013 A client has a both a SIMPLE and a 401(k) in the controlled group. The SIMPLE only covers "personal employees" of the company's owner. They had been advised in the past that because the "personal employees" were not revenue-generating employees, they could participate in a SIMPLE despite the fact that the controlled group has a 401(k) plan for all of the company's regular employees. Any idea where the advisor may have gotten support for this position? Link to comment Share on other sites More sharing options...
ETA Consulting LLC Posted May 9, 2013 Report Share Posted May 9, 2013 Any idea where the advisor may have gotten support for this position? Yes. It's called "find the answer that is most convenient to me" and then "find some misinformed soul to give it to me" The only "class" exclusions to a SIMPLE IRA is the Union, Non Resident Alien, and Employees who will not earn the minimum dollar amount ($5,000) during the current year. Good Luck! CPC, QPA, QKA, TGPC, ERPA Link to comment Share on other sites More sharing options...
John Feldt ERPA CPC QPA Posted May 9, 2013 Report Share Posted May 9, 2013 Does this relate to your question? http://benefitslink.com/modperl/qa.cgi?db=qa_who_is_employer&n=294 This does not appear to help with the "controlled group" issue. Link to comment Share on other sites More sharing options...
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