Are "calls" permissible plan investments?

[Guest schneiderdowns]

A client invested in a call as an investment in his 2 participant profit sharing plan. The brokerage house questioned this type of investment. Does anyone know if this is a permissible type of plan investment?

[imchipbrown]

Check the Plan and Trust documents. Ours permit these.

[Kirk Maldonado]

Are they limited to covered calls or do they also permit naked calls?