415 Limit in Controlled Group

[Lynn Campbell]

I have a cross tested Profit sharing plan covering 2 corporations and 1 sole proprietorship. Each entity will decide how much to contribute to the plan. When determining 415 limits, is the limit computed per entity for each participant, or is the 415 limit determined by counting all compensation from all 3 entities? Thanks for input...

[Disco Stu]

I read you question to say that an employee receives pay from each of the three companies, and that all three of these companies are part of the same controlled group. Is that correct?

If so, the pay from all employers in the controlled group is applied to one 415 limit.