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What happens when my spouse stops working for my business?
What happens when my spouse stops working for my business?
Jeff Nabers avatar
Written by Jeff Nabers
Updated over a week ago

If you and your spouse work in your business together and your spouse stops working in the business, (s)he can still participate in the plan in terms of directing their existing assets in the plan. Your spouse has all the rights of the participant except the ability to make contributions into the plan. 

Your spouse does not need to transfer their funds out of the plan and stop being a participant; however, (s)he can not make contributions.

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