lisabroc Posted March 22, 2017 Posted March 22, 2017 We are working with a new 401(k) client and in reviewing the ownership structure, we see a number of IRA's listed as owners in the C-Corp. Is this permitted? The IRA's belong to employees (mostly with little or no ownership %). However, one of the IRA's belongs to an officer/co-founder/employee who has 5% ownership in the company. Could this pose prohibited transaction violations?
jpod Posted March 22, 2017 Posted March 22, 2017 Yes, it's "permitted" in the sense that it is not per se illegal; but, yes, it certainly could pose PT issues. QDROphile 1
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