Tim has a 25% interest in Hill and Associates, a partnership. Tim is eligible for coverage as an employee under the firm's qualified pension plan.

Question

Quizplus · Accepted Answer

As a partner with a 25% interest in the partnership, Tim is considered an owner, not an employee, and therefore his eligibility for coverage under the firm's qualified pension plan would be based on his status as a partner, not as an employee.

Tim Has a 25% Interest in Hill and Associates, a Partnership