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Showing content with the highest reputation on 07/27/2013 in all forums

  1. These questions go back to the intent of the employer and how the provisions of the plan document are interpreted on a consistant basis each year. Because the definition of Owner was not drafted as clear as it could have been, I would suggest that the resolution for the 2012 contribution is drafted with clarification to the restrictions of which participant(s) get grouped in the Owner category. If not too late, amend the plan for 2013.
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