DP Posted October 4, 2005 Posted October 4, 2005 We set up a SH PS 401k plan for a solo medical practice effective 1/1/05. The practice is going to incorporate 12/1/05 having a short year of one month. How will this affect his PS/401k? Do we combine his income from the solo and PA to get his total compensation before calculating the contribution? The doctor is the only participant for 2005.
mbozek Posted October 4, 2005 Posted October 4, 2005 Its the same employer who adopted the plan since the only change is in the legal form of the sponsor and the comp should be aggregated. mjb
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