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that is exactly what happened. I also called the IRS and was able to get through to a knowledgeable sounding individual who said basically the same thing.

I have a similar issue, although complicated by some calculation issues as well. Client is 2 brothers – dentists. When I got their plan, I asked what type of business organization they had. And they said it was a partnership. Each year I have been calculating their cross tested profit sharing contribution using the IRS’ method for partnerships – ½ FICA and pension contribution reduces their compensation. Every year, they reported the maximum IRC compensation for the year to start with ($280k in 2019). Now they are thinking about adding a cash balance plan, and I just found out that each brother also has a S-Corp. and have had the S-Corps all along. The partnership pays the wages for them and the staff, and the profits flow through their respective S-Corps. 1. How should I calculate the contributions going forward – as a partnership or as an S-Corp? The payroll, including for the owners, comes from the partnership. The accountant thinks calculate it as a partnership, the actuary thinks calculate it as an S-Corp. 2. How do I fix what has been done in previous years, or is a fix required? Thanks for your help with this.

I'm glad you asked about contract work for TPAs. I myself don't have any answers, but I would like to start doing this myself. I have just started researching the subject - maybe we could share information? I talked to some headhunters who called me and asked if they ever got any contract jobs. Most were not very encouraging, but I took that with a grain of salt because they would only be hurting their commissions if they referred me to contract jobs. One lady told me that it is possible to earn a lot more money, but I would need to earn at least 50% more than my current salary to break even, because I would have to pay for my own health insurance (she didn't even mention E & O.) There are lots of job postings and message boards for contract work, but I haven't seen any for TPAs - they're all for computer programmers. I plan to incorporate because I understand that this can help avoid IRS problems with independent contractors vs. employees issues. Other than that, I have registered with many temporary and permanent staffing agencies, concentrating on those that specialize in human resources and accounting. I have also worked up a "marketing letter." Any information anyone could provide would be greatly appreciated. bbpension@surfree.com