chris
Mar 8 2007, 03:56 PM
Dentist wants to set up the following: Dentist's father will own 100% of Corp X. Dentist will own 100% of Corp Y. Corp X will lease Dentist's services to Corp Y. Corp X will fund retirement plan covering only Dentist. Looks to me that it might be an affiliated service group such that all e/ee's of both Corp X and Corp Y would be in the plan. Any suggestions or comments?
Mike Preston
Mar 8 2007, 04:23 PM
Get ERISA counsel to sign off on it and everybody (except potentially ERISA counsel's E&O carrier) should be happy.
Jim Chad
Mar 17 2007, 09:44 AM
MIke, I like your sense of humor.
And I agree with you. We don't have all the facts. But I can't see any way this could pass testing.
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