Guest naveen Posted December 11, 2009 Posted December 11, 2009 Partnership P has a 401(k) plan covering two individual unrelated partners A with 70% share & B with 30%. The business has no employees. A owns 100% owner of corporation X & B owns 100% owner of corporation Y. Corp X & Y each derive income from partnership P. A & B are paid on W-2 from X & Y What are the issues with X & Y each sponsoring a defined benefit plan for A & B respectively? ..... 401(a)(26) comes to mind
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