ombskid Posted September 2, 2011 Posted September 2, 2011 Pension plan with 2 owner-participants. They want to invest plan assets in a closely held corporation that they have personally invested in. Their personal investment is about 1.2% of this corporation. Is this a PT? If so, what party in interest definitions apply?
Guest Rajeev Posted October 12, 2011 Posted October 12, 2011 This is possible... but must be done with care and must be done as a simultaneous transaction... cannot be done after the fact.... i.e. after the owner already owns the entire entity.... Recommendation: Work closely with an ERISA attorney who is knowledgeable on simultaneous transactions.
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