Aimpoint Pension
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United Benefit Pensions Inc.
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NFL Player Benefit Office
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Retirement, LLC
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Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
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Site Manager / Senior Administrator Nicholas Pension Consultants
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Hessel & Associates, LLC
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Sr. Retirement Plan Administrator Tycor Benefit Administrators, Inc.
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Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
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Defined Benefit Plan Consultant Sentinel Benefits & Financial Group
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Retirement, LLC
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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MGKS
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Nicholas Pension Consultants
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Sentinel Benefits & Financial Group
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Question 118: A owns 100% of S-corp 1. A and B each own 50% of S-corp 2. A and B would like to have one qualified plan for the 2 S-corps. Does the fact that the companies are S-corps have any bearing on the controlled group determination? Could they have a multiple-employer plan? Would that be better than being a controlled group? |
Answer: Status as an S or a C corporation is irrelevant in determining if a controlled group exists. It matters in determining whether a corporation is in an affiliated service group or is a related party, but it has no effect on controlled group status. |
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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