dmb Posted February 26, 2002 Posted February 26, 2002 One Owner owns two distinct and separate companies. It is a controlled group, but also QSLOB. One company has nothing to do with the other, no overlapping employees. Each company has it's own 401k plan. Should or must the plans be tested on an aggregate basis or could each plan be tested on it's own for ADP & ACP as well as 410(B). Thanks.
Blinky the 3-eyed Fish Posted February 26, 2002 Posted February 26, 2002 Each QSLOB must have 50 employees. Is this the case? "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
Mike Preston Posted February 26, 2002 Posted February 26, 2002 Then how is it that you believe they are a QSLOB?
Blinky the 3-eyed Fish Posted February 26, 2002 Posted February 26, 2002 "Should or must the plans be tested on an aggregate basis or could each plan be tested on it's own for ADP & ACP as well as 410(B)." The answer to your question depends on whether each plan can satisfy coverage on their own. If so, then whether or not you aggregate them depends on the better result. Obviously, there is no QSLOB here. Keep in mind though, that all benefits, rights and features need to pass testing as well. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
dmb Posted February 27, 2002 Author Posted February 27, 2002 I guess since I don't have a QSLOB, all i have is a controlled group, so they must be tested aggregately.
Blinky the 3-eyed Fish Posted February 27, 2002 Posted February 27, 2002 "...all i have is a controlled group, so they must be tested aggregately." Not correct. See my earlier post. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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