Client that is a bank

[austin3515]

They let their participants invest in the same banks CD's. Is this a PT? I seem to recall there were some hoops they had to jump through to avoid a PT - I didn't think it was just a straight exemption of any kind.

[Bill Presson]

I know there is an exemption, but for the life of me I can't remember where to direct you. I've had some small community banks in the past that did the same thing and I don't recall the requirements to be terribly onerous.

If my mind shakes something loose, I'll post again. Maybe someone else will remember before then.

[masteff]

Quick look in my CCH US Master Pension Guide, try Code Sec 4975(d)(4) (ERISA Sec 408(b)(4) ).

[austin3515]

Beautiful, thanks!!