One owner of 2 LLCs. 100% owner for both - pass through single member.
LLC 1 - no employees, traditional 401k and he wants to max out profit share and employee deferrals
LLC 2 - 4 eligible employees, 1 participating. SH 401k with 4% match (100% to 3%, with 50% for 4th and 5th%)
Given large profit share of first LLC 1 the concern is the 4% match doesn't cover the discretionary PS piece for LLC 2? Does every employee have to get same percentage PS for LLC 2 or do we go to a cross tested plan (new comparability)?
