jkharvey Posted June 2, 2015 Posted June 2, 2015 Value of Real Estate in plan is 650K. To meet the waiver the bond needs to be at least 650K even though the 412 bonding requirement max is 500k?
K2retire Posted June 2, 2015 Posted June 2, 2015 Yes. We have a similar situation with a $1.3 million bond.
Doghouse Posted June 2, 2015 Posted June 2, 2015 As a TPA I had a plan that had millions of dollars of non-qualifying assets, and the sponsor was unable to obtain sufficient bonding - accordingly had to get a very expensive audit instead.
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now