Vlad401k Posted May 13, 2024 Posted May 13, 2024 We have an employer who owns 2 companies: 1) Company A: has employees. Currently has a 401(k) plan. 2) Company B: has no other employees besides the owner. Currently has no plan. Can the owner set up a SIMPLE IRA for company B? Based on my research, it seems like it's not possible, but wanted to make sure. Thanks,
Bri Posted May 13, 2024 Posted May 13, 2024 Nope....controlled group.... Luke Bailey and Bill Presson 2
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