United 401(k) Plans, Inc.
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Trucker Huss, A Professional Corporation
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Prime Pensions, Inc.
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Central Pension Fund of the IUOE
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Nicholas Pension Consultants
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Compass Retirement Consulting Group, Inc.
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Carpenter Morse Group
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Nova 401(k) Associates
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Bates & Company
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Retirement, LLC
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Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc.
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Retirement Plan Legal Specialist Pentegra
|
Central Pension Fund of the IUOE
|
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Question 66: Company A is owned 50% by Employee 1 and 50% by Employee 2. They're the only employees. Company B uses Company A for manufacturing and distribution. Company B is 100% owned by Empoyee 1 and employs 100 employees. Company A sponsors a 401k plan; Company B sponsors a SEP arrangement, contributing the maximum amount for its two employees. Does the tax code prohibit this arrangement? |
Answer: No. |
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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