Guest JM123 Posted December 10, 2009 Posted December 10, 2009 ESOP terminates and participant, who is both an employee and owner of the sponsor, wants to roll over the shares of employer stock to a self-directed IRA. PT?
Guest Rajeev Posted February 24, 2010 Posted February 24, 2010 If the ESOP is not already in a qualified plan, then it is a prohibited transaction...
GMK Posted February 24, 2010 Posted February 24, 2010 If the ESOP is not already in a qualified plan, Sorry to be dense, but what does that mean? maybe an example. Thanks.
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