ombskid Posted February 4, 2008 Posted February 4, 2008 Are there any circumstances under which a profit sharing plan can hold the mortgage of the son or daughter (not employees of the sponsor) of the company owner? Is there a residential loan program that allows such a loan in the plan?
QDROphile Posted February 4, 2008 Posted February 4, 2008 Did you think through the prohibited transaction issues?
ombskid Posted February 5, 2008 Author Posted February 5, 2008 Yes I think I'm pretty much aware of the PT rules. I was trying to remember an old exemption for a loan program but I can't find anything about it - so maybe I dreamt it!
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