Jocelyn Pension Consulting
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Jordan & Associates Retirement Services
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Small NY Actuarial TPA Firm
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Retirement, LLC
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Retirement Plan Administration Assistant Jordan & Associates Retirement Services
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Defined Contribution Plan Administrator Pension Investors Corp of Orlando Inc
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Prime Benefits
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Manager/Supervisor of Benefits and Payroll Compensation Virginia Farm Bureau
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Howard Simon & Associates
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Advanced Plan Designs, LLC
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Pension Rights Center
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SWBC Retirement Plan Services
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Premier Plan Consultants
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Question 98: John owns 100% of a company. His granddaughter works for the company. John would like her to be a highly compensated employee, but he doesn't want to pay her the $85,000 needed to put her in that category on her own. But is she an HCE due to deemed ownership of her grandfather's stock? |
Answer: Yes, but only if some changes are made. |
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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