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5500 EZ filing required for a 1 life plan when the spouse owns a different business?


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Posted

Wife and husband own 100% each of 2 different businesses, unrelated to each other.  The one has about 10 employees and has a 401k plan.  The other is spouse only and started a solo 401k for herself, well under $250K.  Neither performs any work for the other's business.  I do not see in the instructions that this would cause the solo plan to file a 5500EZ.  Would you agree?

Thank you

 

Posted

Consider also whether the spouses were married in, ever lived in, or otherwise invoked the law of a community-property nation or State.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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