5500-EZ or 5500-SF for an s-corp with only family members

[Jakyasar]

Plan cover the 4 children of the owner (sponsor is s-corp) - owner is not a participant.

Can this plan file 5500EZ?

I say yes, agree?

[FORMER ESQ.]

I second your opinion. Assuming the plan covers only the children, under Section 1372(b), applying 318 attribution, each child is deemed to be a 100% shareholder of the S-Corp.