Jim Chad Posted August 1, 2001 Posted August 1, 2001 "X" owned 50% of a C corp until he sold his share on 6-1-00. We have a calander year 401(k) plan. The son of X is in the plan on 7-01-01. Is he an HCE because his father was an owner last year?
stephen Posted August 2, 2001 Posted August 2, 2001 yes, the son is a more than 5% owner by family attribution since his father owned more than 5% last year.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now