SEP + Profit Sharing or Cash Balance

[Stash026]

Good morning!  I have a new client that is currently maxing out a SEP, but also has the opportunity to start a Profit Sharing or Cash Balance Plan.  I don't believe the SEP has any bearing on the maximum contribution into the other plans, as the companies are unrelated, but I wanted to make sure someone could max out both a SEP and a Profit Sharing (or receive a contribution in a Cash Balance).

Thanks in advance!

[shERPA]

Your belief is incorrect. 

EDIT - when I wrote the above I had missed the "unrelated" part.  CBZ is correct if truly unrelated for CG, ASG and 415(h) purposes then yes the participant could do this. 

[Bill Presson]

3 minutes ago, shERPA said:

Your belief is incorrect. 

Even if the companies are unrelated?

[C. B. Zeller]

Depends how "unrelated" they are. Even if there is not enough common ownership to create a controlled group under 414(b)-(c), there might still be a controlled group under 415(h).

[shERPA]

2 hours ago, Bill Presson said:

Even if the companies are unrelated?

TBH I missed that "unrelated" part.  Problem with old eyes reading a forum message on a mobile device early in the morning.  So if they are truly unrelated, then yes one person could participate in a one company's SEP and the other unrelated company's qualified plan(s).   I will edit my other reply to note this.  Thanks.