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Limited Partnership Setting Up Retirement Plan

Guest KBuehler

By Guest KBuehler
in Investment Issues (Including Self-Directed)

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Guest KBuehler

Guest KBuehler

Posted
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A limited partnership (LP) wants to set up a retirement plan. LP employs 4 W-2 employees. There is one limited partner who owns 99% of the LP and the same person owns an LLC that is a 1% general partner of the LP. The LP is an investment management company.

Would there be a problem with them setting up a plan to cover the employees and the general partner?

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