Cathy from Chicago Posted March 28, 2011 Posted March 28, 2011 Two plans merging 6/30 due to company sale. How are 7 keys determined with combined plans. What takes precidence, compensation or attribution as far as eliminating a key person? Thanks.
ETA Consulting LLC Posted March 28, 2011 Posted March 28, 2011 You're not necessarily eliminating Key Employees (e.g. anyone who is a 5% owner, or a 1% owner with compensation exceeding $150K will be key). Now, if you are looking at officers, then the number considered Key may be limited (and it get's pretty detailed). Good Luck! CPC, QPA, QKA, TGPC, ERPA
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