Master Trust vs. Comingled Trust
Posted 27 July 2001 - 10:27 AM
Posted 03 August 2001 - 01:57 PM
Also - commingled funds for pension and profit sharing plans, are not the same as "commingled trusts" those are an type of trust as well, that require a seperate trust document to be adopted by the plan in order to invest in them.
Hope that helps.
Erik Read, APR CKC
Posted 03 August 2001 - 03:57 PM
We have more than one situation where the employer sponsors 2 defined contribution plans. They share a trust as specified in the document, although nowhere is the term "master trust" used. We are treating these as master trusts. In fact, it has been helpful, because we cannot split up the reportable transactions by plan. The arrangements are with a bundled provider who has established separate "sources" for each plan, but the schedule of reportable transactions is not split up by source. Filing a 5500 for the MTIA solved our problems in this area.
Posted 11 August 2001 - 04:54 PM