When a 401(k) plan is a C-corp shareholder, what "Type of entity" do you use?

[brooke]

This is funded by a ROBS plan so the 401(k) plan owns most of the shares.  None of the "Type of Entity" choices seem to fit on Form 1120 Schedule G.  I'm leaning toward "Trust" - ?

[TaxGuyBill · Accepted solution]

A 401(k) plan is a type of Trust, so that sounds good to me.

https://www.law.cornell.edu/uscode/text/26/401