thepensionmaven Posted March 20, 2017 Posted March 20, 2017 I just got off the PBGC website after setting up a premium payment for my clients' initial plan year. At which point I started thinking that since the client is a husband and wife owned LLC, there may be a possibility they would not be covered (hopefully)??
Lou S. Posted March 20, 2017 Posted March 20, 2017 Are there any participants beside the husband and wife owners?
thepensionmaven Posted March 21, 2017 Author Posted March 21, 2017 Yes, but the total number of participants is under 25. Hoping for not covered, but I can't see it.
david rigby Posted March 21, 2017 Posted March 21, 2017 Check the definition of "professional" in the PBGC statute and/or reg. ERISA section 4021(c). Lou S. 1 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now