Transcription of An introduction to controlled groups - Kravitz, Inc.
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An introduction to controlled groups - Kravitz, Inc.
The controlled group rules wereadopted as part of the coverageand nondiscrimination regulationsto ensure that a plan (or plans)maintained by an employer doesnot discriminate in favor of highlycompensated employees (HCEs).A controlled group is considereda single employer for purposes ofa qualified plan . A controlled group of business entitiescan exist when one business owns acontrolling interest in another businessor when five or fewer individuals haveownership interests in two or more busi-nesses. In service industries, such asmedical practices and accounting,engineering, and consulting firms (amongothers), a controlled group can exist whenan element of control exists and two ormore entities are regularly associatedin providing services to third parties. controlled group of corporations A controlled group of corporationsincludes a parent-subsidiary controlledgroup, a brother-sister controlled group ,or a combination of the two.
The controlled group rules were adopted as part of the coverage and nondiscrimination regulations to ensure that a plan (or plans) maintained by an employer does
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