SKIERFA

@Luke Bailey Hello, I know this is an old thread, but I am hoping to get a bit of guidance. Thank you in advance! I am a financial advisor and I am currently working on 2 401k's similar to the above discussion. The first 401k is an anesthesia physician group (33 partners, average income 425k), no employees, structured as a PLLC (taxed as partnership). They currently have an old fashioned self directed group plan with Matrix as the trustee and record-keeper. Recently some (not all) of the partners have requested to have their personal PLLCs (taxed as S-Corps) to be paid instead of themselves directly. Furthermore the group has become disgruntled with Matrix and would like to resign their plan anyway. They asked me to help in doing so. I am no ERISA plan expert, but want to make sure I provide them with great guidance. I have reached out to a few TPAs, and they have been no help. I guessing this structure comes down to the group 401k plan document design. Also what does A-Org ASG relationship from your post above mean? The second 401k plan is a start-up plan for a small orthopedic surgery practice. Two surgeons will own the PLLC (taxed as S-Corp), they will have 6 employees. They desire to pay their own PLLCs (taxed as S-Corps) their portion of productivity income. They plan of paying themselves approximately 400k wage through their individual PLLCs. In both of the cases above the physicians are trying to reduce their self employment tax. What does the sponsoring group 401k adoption agreement need to say in both of these cases to allow these physicians to participate in the plan? How do employee deferrals from the individual PLLCs(S-Corp) get back into the group 401k? How are profit sharing contributions handled, as everyone wants to max fund their 401k? The orthopedic surgery group may want a cash balance plan as well, but the focus for now is on the 401k.