Is Anyone Familar with a Product Called The Pension Transfer Trust Plan?

[Guest Edward McElroy]

Is anyopne familar with this product? It purports to allow a business owner to use amounts held in a 401(k) plan to purchase stock in their own business. The arrangement received an IRS favorable determination letter in 2003 and purports to comply with DOL Opinion Letter 96-08A. Thanks in advance. Ed

[Alf]

Probably the same thing as the ERSOP dicussed on the ESOP board:

http://benefitslink.com/boards/index.php?showtopic=20693

[GBurns]

Is it the Trust that received the Determination Letter or was it the arrangement?

Have you seen and read this DT?