Guest MES Posted January 23, 2003 Posted January 23, 2003 Strange scenario: Insurance agent wants to pay plan administration fees for the plan for which he is the agent of record. (Sold group annuity contract, provides investment advice, etc.) Seems like a prohibited transaction (lending of money between the plan and a party-in-interest). Fees are reasonable, but agent's home office provides TPA services. Any opinions?
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