LangLangTPA

We are trying to determine the following: A S-Corp owned by a family , Father, Mother, 2 sons, 2 daughters - they all work for the company Father owns 10% of stock - controls 100% of voting stock Family Trust A owns 22.5% Family Trust B owns 22.5% Family Trust C owns 22.5% Family Trust D owns 22.5% The beneficiaries of the trusts are the respective children. Are the spouses of the beneficiary children Key EE's? We have never seen this before.

The Plan was amended to the sponsor being a company owned (100%) by the eldest son of the owner of the previous sponsor. The previous owner is now an employee but not an owner..Previously his daughters who are also employees were included as Key Employees in the Top Heavy testing. Is Key status still attributed to the sisters for Top Heavy?

A single participant defined contribution plan wishes to make an investment in a rental property. The Plan would hold about a 10% interest in the property. The other 90 % would be held by an LLC or LLP in which the sponsor (and participant) is the sole member. Is this a Prohibited Transaction under IRC 72(t)? Or is it exempt? Could the Plan make the down payment and hold the mortgage in the Plan?