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Full Version: Owner and one non eligible EE
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PATA
Any reason why an employer, who hires one part time EE to perform bookeeping with annual hours less than 1000, can't have a profit sharing plan and only cover himself?
WDIK
I believe Internal Revenue Code Section 410(b)(4) provides the basis for what you describe. Also see Form 5500-EZ and instructions, particularly for item 14.
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