Trucker Huss, A Professional Corporation
|
United 401(k) Plans, Inc.
|
Carpenter Morse Group
|
Central Pension Fund of the IUOE
|
Central Pension Fund of the IUOE
|
Retirement, LLC
|
Nicholas Pension Consultants
|
Retirement Plan Relationship Manager ERISA Services, Inc.
|
Compass Retirement Consulting Group, Inc.
|
Nova 401(k) Associates
|
Retirement Plan Legal Specialist Pentegra
|
Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc.
|
Bates & Company
|
Prime Pensions, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Question 269: Individual owns 100% of company A and participates in company A's retirement plan as an employee of company A. Individual is 40% owner of company B. Can company B adopt a retirement plan that is different from the retirement plan adopted by Company A? If so, can the individual participate company B's retirement plan? |
Answer: Every now and then, I like to post a question like this to demonstrate the questions practitioners need to ask and the answers the controlled group rules give. In explaining the situation, I will refer 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.
Related links: |