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Family Aggregate Elimination?


Guest MALFONI
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Guest MALFONI

We are having a raging debate here as to whether or not the elimination of the family aggregate applies to SARSEPS. Some say yes, others that SARSEPS are "grandfathered" and the new rule does not apply. Please settle this for us!

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MEG

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If I remember correctly, the family aggregation rules (for 401(a)(17) at least) never did apply to SEP plans - until the IRS issued LRMs which required that a husband/wife group's compensation had to be limited to $150,000 in order to get approval for a prototype SEP - despite the fact that the law didn't say that anywhere.

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