Is a VEBA subject to the limitation under ERISA Section 407(a)(2), whi

[Scott]

Is a VEBA subject to the limitation under ERISA Section 407(a)(2), which prohibits a plan from holding qualifying employer securities in excess of 10% of plan assets?

[Guest John Koresko]

In reply, there appears to be no welfare plan exeption in sec. 407. The 10% rule should apply.