BenefitsLink Message Boards > Depositing settlement proceeds from class action suits etc involving investments within the plan.

Full Version: Depositing settlement proceeds from class action suits etc involving investments within the plan.

BenefitsLink Message Boards > Retirement Plans > Retirement Plans in General

jevd

May 6 2004, 09:23 AM

I remember seeing a PLR or GCM that stated proceeds from a class action suit or similar settlement involving the investment within a plan may be deposited in the plan without being considered a contribution. I did find the PLRs regarding restoratiive payments from employers but I'm unable to find any regarding class actions regarding investments etc. This particular case involves an investment within an IRA.

Thanks for any information that you have.

Appleby

May 6 2004, 03:31 PM

jevd ,

Does this help?

http://benefitslink.com/boards/index.php?a...st=0#entry72497

jevd

May 6 2004, 03:40 PM

Thanks, That helps. I stilll think I saw a PLR or GCM on the subject. I'll keep looking and advise if I find one.

Kirk Maldonado

May 9 2004, 11:51 PM

Try PLR 8836003, PLR 9442021, and PLR 200241046.

jevd

May 10 2004, 08:48 AM

Thanks Kirk

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