Controlled Group

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Topic Author
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Joined: Sat Sep 30, 2017 6:46 pm

Controlled Group

Post by Blue_Ocea35 »

Question answered
Last edited by Blue_Ocea35 on Sun Feb 16, 2020 5:24 pm, edited 1 time in total.
Spirit Rider
Posts: 13390
Joined: Fri Mar 02, 2007 2:39 pm

Re: Controlled Group

Post by Spirit Rider »

You are most definitely part of a controlled group.

The fact you have self-employed income eligible to adopt one-participant 401k, means that you are a business employer. Two employers owned 100% by the same individual are always part of a controlled group.

Whether you are a broker or not is irrelevant. You do not "work" for the real estate firm. If you receive payments on a 1099 you are an independent contractor. Only W-2 employees work for an employer. In which case you could not adopt a one-participant 401k.
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