Trucker Huss, A Professional Corporation
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Retirement, LLC
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Central Pension Fund of the IUOE
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United 401(k) Plans, Inc.
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Central Pension Fund of the IUOE
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Retirement Plan Legal Specialist Pentegra
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Prime Pensions, Inc.
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Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc.
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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Compass Retirement Consulting Group, Inc.
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Nicholas Pension Consultants
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Bates & Company
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Carpenter Morse Group
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Nova 401(k) Associates
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Question 268: I have a plan whose corporate sponsor is 10% owned by an LLC. One of the employees of the sponsoring coprporation is a 50% owner of said LLC. He does not own any of the corporation directly. What ownership in the corporation, if any, would this employee be deemed to have for plan purposes (e.g., determination of HCEs)? |
Answer: 5% exactly. I'll explain, including references to my book, Who's the Employer?. (Subscribers can click to view online the text of references to sections in the book.) |
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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