I have a plan for a collection of medical practices (we'll call it ABC Medicine). There are 7 doctors, they all have equal ownership in the partnership (LLC).
The plan document says they are NOT an ASG, and that they are an MEP. There are participation agreements completed for each doctor's practice. The doctors' practices do not have any employees. The employees are all employed under ABC Medicine.
Since the beginning, we have tested this plan as if it is an ASG and only recently did the plan document issue come up.
Can you help me understand the difference between an ASG and an MEP? I believe this is an ASG, but I need to be able to explain this to the client. And what kind of VCP corrections will be required if it is an ASG?
Thanks in advance!
