cosmo01
Mar 22 2004, 12:11 PM
We have a situation wherein a tax-exempt employer sponsors a church plan. The church plan is underfunded and the employer would like to contribute a promissory note to the church plan in the amount of the underfunding.. problems?
Kirk Maldonado
Mar 22 2004, 12:20 PM
Are they an electing church plan or not?
cosmo01
Mar 22 2004, 12:46 PM
The plan has not filed a 410(d) election to be subject to ERISA.
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