Guest cosmo01 Posted November 4, 2003 Posted November 4, 2003 We have a situation wherein a person is an employee of Company A and President of Company B. She, however, does provide services, on a limited basis, to Company B. She participates in the 401(k) plan, etc. of Company A, and not Company B. Do we have to take her into consideration for testing purposes with respect to Company B? Any guidance, sites, regs, input, etc. would be greatly appreciated. Thank you
Blinky the 3-eyed Fish Posted November 4, 2003 Posted November 4, 2003 Are company A and company B either a controlled group or affiliated service group? "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
Guest cosmo01 Posted November 4, 2003 Posted November 4, 2003 No, Company A and Company B are not in the same controlled group or affiliated group.
Blinky the 3-eyed Fish Posted November 4, 2003 Posted November 4, 2003 Then what you have here is just a person with 2 employers that aren't related and aren't considered for each others' testing. It would be like you having two jobs, one as a TPA and the other as a circus clown. The plan under the TPA firm would not be worried about your other employment except that you might accidentally wear to work the suit with the flower that squirts water. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
david rigby Posted November 4, 2003 Posted November 4, 2003 It would be like you having two jobs, one as a TPA and the other as a circus clown. How different are these? But I digress. From numerous discussions on these Message Boards, it appears that the determination of controlled group or affiliated service group is often incorrectly diagnosed. So be careful. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Blinky the 3-eyed Fish Posted November 4, 2003 Posted November 4, 2003 How different are these? Pax, I think my prior post covered the bulk of the differences. The suit with the flower is for clowning, the suit without it is for TPA work. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
Brian Gallagher Posted November 5, 2003 Posted November 5, 2003 funny. most people can't tell the difference between a circus clown and a tpa. Remember: two wrongs don't make a right, but three rights make a left.
Brian Gallagher Posted November 5, 2003 Posted November 5, 2003 just kidding! Remember: two wrongs don't make a right, but three rights make a left.
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