Company A, B, C are all owned by one individual. Companies A and B are in the same state. C is in another. They more or less all have the same principal business activity. It has been established that they are in fact a controlled group.
Companies A and B really are not profitable, while company C shows good numbers. The current 401(k) covers all 3 companies and just went to "large" status.
The owner would like to reward the employees of Company C since they provide the greatest earnings. Their new CPA wanted to create 3 separate plans but I don't think the regs or QSLOB would allow that.
Would a non-qualified deferred comp plan be the only option for C?