### Question
How does reporting and disclosure define one-participant retirement plan?


### Answer
Under *29 U.S.C. § 1021*, **one-participant retirement plan** is defined as:

> a retirement plan that—


(i) on the first day of the plan year—


(I) covered only the employer (and the employer's spouse) and the employer owned the entire business (whether or not incorporated), or


(II) covered only one or more partners (and their spouses) in a business partnership (including partners in an S or C corporation (as defined in section 1361(a) of title 26),[3](#1021_3_target)


  

(ii) meets the minimum coverage requirements of section 410(b) of title 26 (as in effect on July 30, 2002) without being combined with any other plan of the business that covers the employees of the business,


(iii) does not provide benefits to anyone except the employer (and the employer's spouse) or the partners (and their spouses),


(iv) does not cover a business that is a member of an affiliated service group, a controlled group of corporations, or a group of businesses under common control, and


(v) does not cover a business that leases employees

#### Citation:
  - *29 U.S.C. § 1021*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 1-reporting and disclosure**

