Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Senior Retirement Plan Administrator Enhanced Retirement Solutions
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Retirement, LLC
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Sentinel Benefits & Financial Group
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Defined Benefit Plan Consultant Sentinel Benefits & Financial Group
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Retirement, LLC
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Senior Actuarial Analyst/ Project Manager Van Iwaarden Associates
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Senior Administrator / Site Manager Nicholas Pension Consultants
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Sentinel Benefits & Financial Group
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Hessel & Associates, LLC
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Sr. Retirement Plan Administrator Tycor Benefit Administrators, Inc.
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Defined Benefit Pension Consultant The Ryding Company
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NFL Player Benefit Office
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United Benefit Pensions Inc.
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Nicholas Pension Consultants
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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Question 156: A company is 1% owned by a father and 99% owned by an irrevocable family trust. All of the trust's beneficiaries are children under the age of 21. Do attribution rules apply, making the father the owner of 100% of the company? |
Answer: You didn't mention which set of attribution rules you were concerned about. Are you trying to determine if a controlled group or an affiliated service group exists? Did you want to find out if Dad's a highly compensated employee? Do you want to know if this company might be related to another for purposes of finding a management function group? |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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