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Showing results for tags 'Common ownership'.
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Have a situation where I need to determine common ownership and if I need to include the employees of company "B" into the parent 401(k) Plan: Here is the layout. Company A: John Smith owns 51% Mary Smith (John's daughter) owns 19% and the remaining 30% is owned by Mary's Trust Company B: John Smith owns 51% Mary Smith owns 1% Bob Smith (John's son) owns 48% is there a common ownership that we need to include the employees of company B into the the 401(k) set up for Company A?
