thepensionmaven Posted March 20, 2017 Share Posted March 20, 2017 I just got off the PBGC website after setting up a premium payment for my clients' initial plan year. At which point I started thinking that since the client is a husband and wife owned LLC, there may be a possibility they would not be covered (hopefully)?? Link to comment Share on other sites More sharing options...
Lou S. Posted March 20, 2017 Share Posted March 20, 2017 Are there any participants beside the husband and wife owners? Link to comment Share on other sites More sharing options...
thepensionmaven Posted March 21, 2017 Author Share Posted March 21, 2017 Yes, but the total number of participants is under 25. Hoping for not covered, but I can't see it. Link to comment Share on other sites More sharing options...
david rigby Posted March 21, 2017 Share Posted March 21, 2017 Check the definition of "professional" in the PBGC statute and/or reg. ERISA section 4021(c). Lou S. 1 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
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