chris Posted September 5, 2001 Posted September 5, 2001 LLC with H and W as the only members owns and operates rental properties. LLC wants to set up a 401(k) Plan such that W, who will be the one running everything, can begin to save for retirement. H has significant retirement account in current employmer's PSP and will opt out of the LLC's 401(k) Plan. Any significant issues to be aware of going forward regarding the 401(k) to be maintained by the LLC??
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