Basically Posted January 11, 2006 Posted January 11, 2006 Straight forward question... Husband and wife business... want to open an individual 401K plan. Were thinking of also employing a child. Q/ If they employ the child they will have to file a 5500, not EZ, correct? (EZ instructions state "owner, spouse, partner, spouse of partner". Adding a child constitutes an "Employee other than the owner") Q/ The child will be considered an HCE due to attribution... so testing should pass no problems, correct? Thanks!
WDIK Posted January 11, 2006 Posted January 11, 2006 I agree with both of your assertions. ...but then again, What Do I Know?
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