Jump to content

single participant plan and prohibited transaction

Recommended Posts

I'm a TPA with a one participant DB plan. The participant is the plan sponsor, trustee, and participant.

He is asking me if he could take part of his plan assets and purchase a property he owns as an individual.

On it's face it sounds like a prohibited transaction.

Can this be done?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...