BenefitsLink Message Boards > Is Anyone Familar with a Product Called The Pension Transfer Trust Plan?

Full Version: Is Anyone Familar with a Product Called The Pension Transfer Trust Plan?

BenefitsLink Message Boards > Retirement Plans > Retirement Plans in General

Edward McElroy

Nov 11 2004, 04:56 PM

Is anyopne familar with this product? It purports to allow a business owner to use amounts held in a 401(k) plan to purchase stock in their own business. The arrangement received an IRS favorable determination letter in 2003 and purports to comply with DOL Opinion Letter 96-08A. Thanks in advance. Ed

Alf

Nov 11 2004, 05:16 PM

Probably the same thing as the ERSOP dicussed on the ESOP board:

http://benefitslink.com/boards/index.php?showtopic=20693

GBurns

Nov 11 2004, 07:35 PM

Is it the Trust that received the Determination Letter or was it the arrangement?

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