Guest RMPension Posted July 15, 2008 Posted July 15, 2008 A client of mine asked if the new $250,000 FDIC limit applies to Qualified Plans. I see where it applies to IRA's and I found a referance to covering "...Keogh plans, self-directed 401(k) plans..." Does that mean it applies to all qualified plans? including my one person DB Plan?
Kimberly S Posted July 15, 2008 Posted July 15, 2008 Don't those limits apply to any bank accounts regardless of who the owner is? If so, it should apply to bank accounts in qualified plans just like it would for any other entity.
Guest RMPension Posted July 15, 2008 Posted July 15, 2008 Don't those limits apply to any bank accounts regardless of who the owner is? If so, it should apply to bank accounts in qualified plans just like it would for any other entity. The question is the limit? Is it $100,000 or $250,000.
JAY21 Posted July 15, 2008 Posted July 15, 2008 Check out these two links on the subject. http://www.fdic.gov/deposit/deposits/insur...6.html#employee http://www.fdic.gov/deposit/deposits/insur...html#retirement
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