Guest Donkey Kong Posted February 15, 2002 Posted February 15, 2002 With one of the criterial for a DB plan to be exempt from coverage from the PBGC being if the plan covers only substatial owners, my question is: If the plan covers a controlled group, does the ownership apply to the total of the entities or would greater than 10% ownership in one of them suffice for being a substantial owner? Any cites would be helpful in your answer.
Blinky the 3-eyed Fish Posted February 20, 2002 Posted February 20, 2002 The requirement to be a substantial owner applies to any entity much like with the determination for HCE's. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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