DP Posted November 7, 2002 Posted November 7, 2002 We have an employer with a new Profit Sharing 401k plan who recently closed out their DB plan. $25,000 in surplus DB assets have been transferred to a holding account in the PS 401k plan to be used towards the PS Employer Match. Does this $25,000 have to remain in a Money Market, or can it be invested in various securities - subject to the market's ups and downs.
Blinky the 3-eyed Fish Posted November 7, 2002 Posted November 7, 2002 There are no special restrictions in how the assets are invested. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
Kirk Maldonado Posted November 7, 2002 Posted November 7, 2002 Why would you presume that it would have to remain in a money market fund? Is there some contractual language to that effect? Kirk Maldonado
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