QERP and QES

[fidu]

Can someone please give me a simplistic explanation of what Qualifying Employer Real Property and Qualifying Employer Securities are.

THANKS in advance.

[david rigby]

Not sure if this is what you want, but here is the link to DOL regs. http://www.dol.gov/dol/allcfr/Title_29/Par...rt_2550/toc.htm

Try subsection 407d-5.

[fidu]

Thanks. So its just stock of a publicly traded company that is owned by the plan?

[fidu]

or is it publicly traded stock of the sponsor, which is in turn owned by the plan??

[david rigby]

The latter. The plan is limited in owning stock of its sponsor.

Here is the text of the applicable ERISA section. http://www4.law.cornell.edu/uscode/29/1107.html. Subsection (B)(1) points out that this restriction does not apply to an individual account plan.

[fidu]

thanks PAX!