Controlled Groups and SEP's

[Guest]

This may sound simplistic, but it's been a long day. A member of a controlled group of companies must combine all companies in the group when testing coverage and general discrimination, among other things, for its qualified plan. The same applies if the plan is a SEP, right? Thanks.

[Bill Berke]

Yes - see IRC 414(B)

[richard]

And, I've found many situations where the client was totally unaware of this.