Dougsbpc Posted February 25, 2016 Posted February 25, 2016 I don't believe a contribution to a pension plan can be in any form other than cash correct?
My 2 cents Posted February 25, 2016 Posted February 25, 2016 Two chickens and a goat. Always check with your actuary first!
Lou S. Posted February 25, 2016 Posted February 25, 2016 I think you can but unless you apply for and get a PT exemption, I believe it is a prohibited transaction. and My 2 cents, did you get an independent appraisal for the goat first?
NJ Mike Posted February 25, 2016 Posted February 25, 2016 I didn't think you could do it to meet minimum contribution requirements but ok for amounts in excess of required minimum. But it has been a while since I looked into this.
My 2 cents Posted February 25, 2016 Posted February 25, 2016 I think you can but unless you apply for and get a PT exemption, I believe it is a prohibited transaction. and My 2 cents, did you get an independent appraisal for the goat first? Would you get an independent appraisal from a farmer or from another goat? Always check with your actuary first!
mphs77 Posted February 25, 2016 Posted February 25, 2016 I think the independent appraisal would be from a Chef......
tymesup Posted February 25, 2016 Posted February 25, 2016 The plan document may require cash, even if it might otherwise be allowable.
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