Senior Defined Contribution Account Manager Nova 401(k) Associates
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Aimpoint Pension
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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Jocelyn Pension Consulting
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Loren D. Stark Company
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NFL Player Benefit Office
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United Benefit Pensions Inc.
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401(k) Retirement Plan Administrator Midwest TPA with Remote Workforce
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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Nicholas Pension Consultants
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Retirement, LLC
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Loren D. Stark Company
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EPIC RPS
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Site Manager / Senior Administrator Nicholas Pension Consultants
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Hicks Pension Services
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Retirement Plan Relationship Manager â DB or DC Focus Trinity Pension Consultants
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Hessel & Associates, LLC
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MGKS
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Question 66: Company A is owned 50% by Employee 1 and 50% by Employee 2. They're the only employees. Company B uses Company A for manufacturing and distribution. Company B is 100% owned by Empoyee 1 and employs 100 employees. Company A sponsors a 401k plan; Company B sponsors a SEP arrangement, contributing the maximum amount for its two employees. Does the tax code prohibit this arrangement? |
Answer: No. |
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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