JoshuaP123 Posted March 20, 2019 Share Posted March 20, 2019 Father (88%) owner and adult Son (12%) owner are the only employees of company X. They are a corporation and not a partnership. The two make their contribution as a real estate investment with no eligible plan assets. Does this need to be filed with a full Form 5500 or can it qualify for a title 1 waiver? Link to comment Share on other sites More sharing options...
CuseFan Posted March 21, 2019 Share Posted March 21, 2019 "Adult Son" doesn't really matter here, but you do have two owner-employees (each owns 10%+) which I think allows you to file an EZ (or not file if assets less than $250k) - i.e., Title 1 exemption. I'd be wary of what the "real estate investment" was to make sure no PT issues, e.g., they didn't contribute the family lake house, summer camp, time share, etc. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
Mike Preston Posted March 21, 2019 Share Posted March 21, 2019 I don't see the Title 1 exemption. Link to comment Share on other sites More sharing options...
jpod Posted March 22, 2019 Share Posted March 22, 2019 Agree with Mike. If a p/s - yes; a corporation - no. Link to comment Share on other sites More sharing options...
Bird Posted March 22, 2019 Share Posted March 22, 2019 On 3/20/2019 at 7:00 PM, JoshuaP123 said: The two make their contribution as a real estate investment What does that mean exactly? Ed Snyder Link to comment Share on other sites More sharing options...
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