5500 or 5500ez?

[Guest terid]

I have a profit sharing plan with the following employees:

Employee 1 - 49% ownership

Employee 2 - (spouse of Employee 1) - 49% ownership

Employee 3 - (child of Employee 1 & Employee 2) - 2% ownership

Employee 4 - (spouse of Employee 3)

Is this considered a "one-participant" plan?

[Belgarath]

Assume this is a corporation? If so, no. If this is an unincorporated entity, then it would seem that they'd fit the definition of "partners or the partners and the partners' spouses in a partnership" in the 5500 instructions. There's nothing in the instructions that says that it can only be 2 partners. I've never actually run into this latter situation...

[Lynn Campbell]

which of these employees are participants in the Plan?