Sammiemor Posted September 18, 2020 Posted September 18, 2020 Please advise if this is a control group. Your assistance would be greatly appreciated. Company A- has 1 owner (has employees other than owners) John Doe owes 100% Company B -has 2 owners (has employee)s other than owners) Owner 1 John Doe owes 50% Owner 2 Bob Jones owes 50% (friends only)
Sammiemor Posted September 18, 2020 Author Posted September 18, 2020 Totally agree. My most hated part of retirement accounts. You are awesome for responding. Thanks immensely!!
Bob the Swimmer Posted September 19, 2020 Posted September 19, 2020 Nice hypothetical Sammie--my name is Bob Jones Agree that it is not CG
DJL Posted September 22, 2020 Posted September 22, 2020 Agreed. This is not a controlled group. If, however, the true question is whether these companies are related employers for retirement plan purposes, the inquiry should continue with questions whether they are part of an affiliated service group.
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