Retirement Plan Documents Specialist Loren D. Stark Company
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Employee Benefits and Executive Compensation Associate Attorney Verrill
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Farmer & Betts, Inc.
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Nicholas Pension Consultants
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Retirement, LLC
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EPIC Retirement Plan Services
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Pentegra
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Retirement Plan Legal Specialist Pentegra
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Administrator/Consultant (DC and DB) TPA Professionals
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EPIC: TPA/DPS
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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Kentucky Trust Company
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Bates & Company
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Trucker Huss, A Professional Corporation
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RTD Financial Advisors
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Retirement, LLC
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Employee Benefits & Executive Compensation Associate Attorney Polsinelli PC
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Carpenter Morse Group
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Retirement Plan Administrator (TPA) Retirement Plan Consultants
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Plumbers Local Union No. 1 Benefit Funds
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Question 2: Suppose Recipient leases all its employees, other than its owner, from ABC Staffing Firm. ABC has a 401(k) plan which covers the workers leased by Recipient. Recipient wants to set up a money purchase pension plan. Assuming these workers are leased employees, can Recipient offset the contributions and deferrals to the ABC 401(k) plan? |
Answer: If the workers are leased employees, then yes it can. 414(n) specifically provides that contributions by the leasing organization are deemed made by the recipient. |
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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