Farmer & Betts, Inc.
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Retirement, LLC
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Retirement Plan Legal Specialist Pentegra
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EPIC Retirement Plan Services
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Retirement, LLC
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Administrator/Consultant (DC and DB) TPA Professionals
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EPIC: TPA/DPS
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Employee Benefits and Executive Compensation Associate Attorney Verrill
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Retirement Plan Administrator (TPA) Retirement Plan Consultants
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Nicholas Pension Consultants
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Bates & Company
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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Carpenter Morse Group
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Employee Benefits & Executive Compensation Associate Attorney Polsinelli PC
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Pentegra
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Retirement Plan Documents Specialist Loren D. Stark Company
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RTD Financial Advisors
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Kentucky Trust Company
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Plumbers Local Union No. 1 Benefit Funds
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Trucker Huss, A Professional Corporation
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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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