chris Posted March 8, 2007 Posted March 8, 2007 Dentist wants to set up the following: Dentist's father will own 100% of Corp X. Dentist will own 100% of Corp Y. Corp X will lease Dentist's services to Corp Y. Corp X will fund retirement plan covering only Dentist. Looks to me that it might be an affiliated service group such that all e/ee's of both Corp X and Corp Y would be in the plan. Any suggestions or comments?
Mike Preston Posted March 8, 2007 Posted March 8, 2007 Get ERISA counsel to sign off on it and everybody (except potentially ERISA counsel's E&O carrier) should be happy.
Jim Chad Posted March 17, 2007 Posted March 17, 2007 MIke, I like your sense of humor. And I agree with you. We don't have all the facts. But I can't see any way this could pass testing.
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