BG5150 Posted January 11, 2022 Share Posted January 11, 2022 I just wan to make sure I'm getting this right. I have restatements on the brain, and I'm having trouble shifting gears lately. Husband and wife plan, husband owns 100%. Assets over $250k. 2020 divorce is final. QDRO effective 10/1/2021. (shouldn't matter) Filed an EZ for 2020. What about 2021? Is the plan now subject to ERISA since it no longer only covers husband and wife? Pooled account, non-traditional assets, so they have to get a bond for 100% of those assets. Side note: If a plan covers the owner who is still working and a spouse who no longer works for the company, is it still a one-participant plan? I just found out she left employment in 2016. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
Bri Posted January 11, 2022 Share Posted January 11, 2022 Sounds right. (And I think you're okay on the second point - the plan would still only cover the owner and spouse.) Luke Bailey 1 Link to comment Share on other sites More sharing options...
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