fidu

i realize this purchase would create additional party in interest rules, but am unaware of other ERISA issues involved with the additional control over the second (smaller) company. Thanks in advance.

Through Limited partnership fund, Corporation A investment manager is about to purchase additional shares in a company that would result will own a majority (about 60%) of Company B. Does owning a majority of a company have any accounting consequences for the Fund? any ERISA issues????

can a collective fund under 81-100 create seperate share classes with differing fee structures for different classes of participants. ? thoughts ?

makes good sense. thanks once again.

Anyone aware of any prohibition under ERISA for a plan's trust fund to be invested in Corporate or Muni bonds. is the plan prohibited from purchasing DEBT 1 in all cases 2. where the investment manager is not a designated QPAM 3. the plan can always purchase any type of debt instrument that it chooses. much obliged

actually, that WAS really funny. a rare occurance in the wide world of erisa! what i was referring to was using proceeds of trades that have not yet settled to pay for other trades and the like. that being said, i would prefer humorous responses to useful info - but eventually, still need some ERISA regs to point to. much obliged.

would someone kindly point me to the regs that prohibit free riding by an ERISA governed fund. thanks in advance

HR.3762 S.1991 S.1992 anyone have an explanation, interpretation or summary of how these will effect bank trust departments who act as trustees of erisa funds? thanks

New SRO rule - obligation of investment analyst to disclose 1% ownership positions implemented and effective on 11/10/2002. Article says that "in order to support compliance with the new disclosure requirement, trust departments of banks that are ffiliated with investment banking firms will be required to track beneficial ownership interests and report them to affiliated firms" so that the affiliate/Investment bank can disclose. arent the beneficial ownership interests of the stocks in an EB trust held in trust departments FBO the trust. Is the bank the beneficial owner. i think the plan is the beneficial owner, and therefore think this rule is ignoreable. thoughts? thanks.

investment committee is made up of emplyees of sponsor and they choose the investment manager(s)

any additional clarification based on the additional info I provided would be greatly appreciated. thanks

1. the plan (sub 1) is most certainly paying the investment company (sub 2) for investment services. 2. the plan designates a third party bank that is not affiliated with the parent or either sub as trustee. the investment committee is a group at the sponsor (sub 1) who chooses the inv. mgr. 3. plan permits inv commitee to hire inv. mgr for managing investment of plan assets.

parent company owns two subsidiary companies - one is the plan sponsor, the other is the investment manager for that plan sponsors retirement plan? is this problematic for any party in interest, affiliate, or prohibited transaction rules???? thanks?

are funded deferred compensation plans governed under ERISA. does it matter if they are funded or unfunded? thanks

i understand, but now im back to square 1. is the veba subject to erisa or not?. its a employee benefit VEBA plan to provide medical benefits to employees. secondly it may not be prudent if the cost of moving the money for a day or two into an investment, would cost more than having it invested would yield.

the ER may only fund the veba account to cover w/drawals and payments to third party providers. my question is whether the funds that sit there need to be invested, or if they are allowed to sit idel to cover pending payments. there may be additional accounting and recordkeeping that would be eliminated if the funds are allowed to sit idle for a few days/weeks/months thanks.

are vebas even governed under erisa???

Must a VEBA plan that holds funds used to pay service providers always be invested and always earn interest similar to the way an ERISA trust fund must be invested at all times? or, can you allow VEBA funds to sit idle pending payments to service providers??

MGB: MANY THANKS FIDU

A qualified DB plan must: - receive employer contributions each year??? - have fixed benefits??? meet minimum vesting requirements???

Would a bank acting as a trustee of a VEBA required to include it in the "other" category on the Federal Form RC-T for Fiduciary and Related Services???

thanks tom. sorry for taking up space here folks.

Thanks. So woiuld a bank acting as a trustee of a VEBA required to include it in the "other" category on the Federal Form RC-T for Fiduciary and Related Services???

are VEBA's governed under ERISA? Thanks in advance

gotcha - thanks.