Plumbers Local Union No. 1 Benefit Funds
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RTD Financial Advisors
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Retirement, LLC
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Pentegra
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Kentucky Trust Company
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EPIC: TPA/DPS
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Membership Director: Independent Contractor Retirement Industry Trust Association (RITA)
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Retirement Plan Administrator â Senior Associate PBMares
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EPIC Retirement Plan Services
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Administrator/Consultant (DC and DB) TPA Professionals
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Retirement Plan Administrator (TPA) Retirement Plan Consultants
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Pension Rights Center
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Retirement Plan Documents Specialist Loren D. Stark Company
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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Nicholas Pension Consultants
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Farmer & Betts, Inc.
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Employee Benefits and Executive Compensation Associate Attorney Verrill
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Retirement, LLC
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Employee Benefits & Executive Compensation Associate Attorney Polsinelli PC
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Question 56: If Dentist Able and Dentist Baker are each sole proprietors, operating in the same office and sharing the staff employees 50/50, can each have his or her own retirement plan, taking into account just his or her share of the staff employees' payroll and hours worked? Please assume there is no entity combining the two sole proprietorships. |
Answer: This is a fairly classic shared employee situation. I discuss this at length in Chapter 5 of my book, Who's the Employer?, but here's a quick summary. |
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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