Guest NYer Posted January 6, 2011 Posted January 6, 2011 Can a qualified multiemployer DB plan loan money to the union's general fund as a means of keeping the union up and running? Pension fund is well funded and the amount of loans is less than If so, is there a place where this should be disclosed on the Pension Fund's 5500?
david rigby Posted January 6, 2011 Posted January 6, 2011 Is this a prohibited transaction? ERISA sec. 406(a) I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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