Separate EIN for Pension Plan?

#3 02-24-2005, 09:50 AM

"Don Brady" <dbrady[at]pobox.com> wrote:

- quote -

> I have just set up a Defined Benefit Pension Plan for my one-person C Corp.
> The actuary suggested using the same EIN as the corp. for
> opening a brokerage account.
> However, I see other advise to get a separate EIN just for
> the pension plan.
> Which is better?

You don't need an EIN number for the Plan (a plan is not a
legal entity), you need one for its underlying and related
TRUST. And it IS required.

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#2 02-18-2005, 11:52 AM

"Don Brady" <dbrady[at]pobox.com> wrote:

- quote -

> I have just set up a Defined Benefit Pension Plan for my
> one-person C Corp.
> The actuary suggested using the same EIN as the corp. for
> opening a brokerage account.
> However, I see other advise to get a separate EIN just for
> the pension plan.
> Which is better?

Managing, reporting and keeping up with annual IRS reg
changes is not a something most people can do without formal
training. I would highly suggest you seek professional
advice!!!!!

Mike Lewis,CPA

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#1 02-18-2005, 11:14 AM

"Don Brady" <dbrady[at]pobox.com> wrote

- quote -

> I have just set up a Defined Benefit Pension Plan for my one-person C Corp.
> The actuary suggested using the same EIN as the corp. for
> opening a brokerage account.
> However, I see other advise to get a separate EIN just for
> the pension plan.
> Which is better?

I've seen both. Just remember to never, ever get the two
numbers crossed up. It happens, and causes problems like
you wouldn't believe.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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02-18-2005, 10:36 AM

Don Brady wrote:

- quote -

> I have just set up a Defined Benefit Pension Plan for my one-person C Corp.
> The actuary suggested using the same EIN as the corp. for
> opening a brokerage account.
> However, I see other advise to get a separate EIN just for
> the pension plan.
> Which is better?

Not a question of "better", but required, which a separate
number is.

ChEAr$,
Harlan Lunsford, EA n LA
Wed 16 Feb 2005

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#-1 02-17-2005, 01:12 AM

I have just set up a Defined Benefit Pension Plan for my one-person C Corp.

The actuary suggested using the same EIN as the corp. for
opening a brokerage account.

However, I see other advise to get a separate EIN just for
the pension plan.

Which is better?

Thanks!

Don

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

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