Pension Investment in Surgery Center, C-Shares

[JKY]

Physician client has investments in a surgery center, C-Class Shares. Client does use the surgery center to conduct surgery for his patients, as do other physicians.

Is this a prohibited transaction issue?

Does it matter that the retirement plan owns non-voting C-Class Shares?

[Flyboyjohn]

Yes, there's enough smoke here to merit a call to the fire department

[JKY]

Thanks. I appreciate the reply and have asked the client to contact an ERISA attorney to review and take the next step.