SEP and DC/DB plan from Husband's company

[Cynchbeast]

We have client where wife has her own company (100% owner) and husband has his own company (100% owner) - unrelated businesses.  Wife is also on husband's payroll and he has DB, PS and 401(k) for his company.

Does anyone see a problem with wife benefiting in husband's plans and also having a SEP for her company?

[Mike Preston]

Yes.

[Cynchbeast]

Mike - could you please elaborate?  Lest you give me another one word answer (yes), please explain what you see to be the problem(s)

[Mike Preston]

Aren't the two companies in a controlled group?