Owner-Employee. A sole proprietor or a partner owning more than 10% of either the capital or profits interest of the partnership.
Owner-Employee. 6 1.32 Participant.....................................................................................6 1.33 Plan............................................................................................6 1.34
Owner-Employee. A sole proprietor who owns the entire interest in the Employer or a partner who owns more than 10% of either the capital interest or the profits interest in the Employer and who receives income for personal services from the Employer.
Owner-Employee. Owner-Employee" shall mean an individual who is (a) a sole proprietor, or (b) a partner who owns more than ten (10) percent of either the capital interest or profits interest of the partnership.
Owner-Employee. The term Owner-Employee means (1) in the case of an Employer or Affiliated Employer which is an unincorporated trade or business, an individual who owns the entire interest in such Employer or Affiliated Employer; and (2) in the case of an Employer or Affiliated Employer which is a partnership, an individual who owns more than 10% of either the capital interest or the profit interest in such Employer or Affiliated Employer.
Owner-Employee. (a) Self-employed person who entirely owns an unincorporated business, trade or profession; or
(b) In a partnership or limited liability company, a self-employed person who owns more than 10 percent of the partnership's or the limited liability company's capital or profits interest.
Owner-Employee. An individual who is a sole proprietor, or who is a partner owning more than 10% of either the capital or profits interest of the partnership. For Plan Years which begin before January 1, 1997, the requirements for plans which benefit Owner-Employees under Section 401(d) of the Code, prior to amendment by the Small Business Job Protection Act of 1996 (P.L. 104-188), shall apply.
Owner-Employee. For purposes of this section 2.3, an Owner-Employee or two or more Owner-Employees will be considered to control a trade or business:
Owner-Employee. For purposes of this section 2.3, an Owner-Employee or two or more Owner-Employees will be considered to control a trade or business:
(a) If the Owner-Employee owns the entire interest in an unincorporated trade or business; or
(b) If the Owner-Employee or Owner-Employees together own more than 50 percent of the capital or profits interest of a partnership. An Owner-Employee or two or more Owner-Employees will be treated as owning an interest in a partnership owned, directly or indirectly, by a partnership the Owner-Employee or Owner-Employees are considered to control according to this subsection (b).
(c) If the Plan provides Contributions for one or more Owner-Employees who control both the business for which the Plan is established and one or more other trades or businesses, the Employer's Plan and the plan established for other trades or businesses must satisfy Code sections 401(a) and (d) when viewed as a single plan for the Employees of this business and all other trades or businesses.
(d) If the Plan provides Contributions for one or more Owner-Employees who control one or more other trades or businesses, the Employees of the other trades or businesses must be included in a plan that:
(1) Meets the requirements described in Code sections 401(a) and (d); and
(2) Provides Contributions or benefits as favorable as those provided for Owner-Employees under the Plan.
(e) If a person is covered as an Owner-Employee under the plans of two or more trades or businesses that are not controlled, and the person controls another trade or business, the Employees' Contributions or benefits under the plan of the controlled trades or businesses must be as favorable as those provided for that person under the most favorable plan of a trade or business that is not controlled.
Owner-Employee. 6 1.32 Participant . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.33 Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.34
