lisabroc Posted March 22, 2017 Share 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? Link to comment Share on other sites More sharing options...
jpod Posted March 22, 2017 Share 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 Link to comment Share on other sites More sharing options...
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