DC Plan Administrator
![]() The Benefit Advantage (Auburn Hills MI / Telecommute) |
Defined Contribution Plan Administrator
![]() The MandMarblestone Group, llc (Philadelphia PA / Telecommute) |
DC Plan Administrator
Heritage Administrative Services, LLC (Woodbury NY) |
Retirement Plan Administrator
![]() Group RHI (Telecommute) |
Defined Contribution Plan Specialist
![]() Aprio (Alpharetta GA / AL / NC / Telecommute) |
Defined Benefit Plan Administrator
![]() AimPoint Pension (Telecommute) |
ESOP Administrator
![]() Blue Ridge ESOP Associates (VA / Telecommute) |
Pension Systems Administrator
DeMars Pension Consulting Services, Inc. (Overland Park KS) |
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
![]() |
|
Question 98: John owns 100% of a company. His granddaughter works for the company. John would like her to be a highly compensated employee, but he doesn't want to pay her the $85,000 needed to put her in that category on her own. But is she an HCE due to deemed ownership of her grandfather's stock? |
Answer: Yes, but only if some changes are made. |
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.
Related links: |