Trucker Huss, A Professional Corporation
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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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Central Pension Fund of the IUOE
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Carpenter Morse Group
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Retirement Plan Legal Specialist Pentegra
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Central Pension Fund of the IUOE
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Compass Retirement Consulting Group, Inc.
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Retirement, LLC
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United 401(k) Plans, Inc.
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Nova 401(k) Associates
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Bates & Company
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Nicholas Pension Consultants
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Question 52: A member/partner of an LLC for which there are 4 partners wants to set up an SEP plan for just himself at the partner level. My understanding is that the SEP Plan must be set up at the LLC level since the LLC is the employer. However, the taxpayer feels that since he is considered to be a self-employed person he should be eligible to set up a plan for himself. |
Answer: I hope the taxpayer listens to you, because you are correct. |
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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