Guest Alley Posted December 12, 2003 Posted December 12, 2003 Plan sponsor wants to switch its brokerage services for its 401(k) plan from an outside brokerage to an affiliated brokerage (either the plan sponsor and the brokerage have a common parent company, or the brokerage is a subsidiary of the plan sponsor -- I'm not sure which and can find out but I don't think it matters). The plan sponsor is informed that others similarly situated in its industry are doing this. I haven't found any applicable exemption to the pohribited transaction rules. Is there any exemption from the prohibited transaction rules for this scenario?
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