Dennis G. Posted August 8, 2014 Share Posted August 8, 2014 I'm a TPA with a one participant DB plan. The participant is the plan sponsor, trustee, and participant. He is asking me if he could take part of his plan assets and purchase a property he owns as an individual. On it's face it sounds like a prohibited transaction. Can this be done? Link to comment Share on other sites More sharing options...
John Feldt ERPA CPC QPA Posted August 10, 2014 Share Posted August 10, 2014 Self-dealing is a prohibited transaction. Link to comment Share on other sites More sharing options...
masteff Posted August 11, 2014 Share Posted August 11, 2014 Send him this link and point him to the first bullet point under #4. http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics---Prohibited-Transactions Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra Link to comment Share on other sites More sharing options...
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