Harris Trust court case - what is it, what does it say?

[SMB]

A question for the "product people" (especially those of you who deal with insurance companies)-

A client was informed that they could not purchase an equity indexed annuity contract as an investment of their Profit Sharing Plan due to the "Harris Trust Ruling". Can anyone enlighten me as to what the "Harris Trust Ruling" is and says?

Thanks!

[Jon Chambers]

Check out this link (BTW, I'm not a "product person").

http://www.groom.com/Ar&Br_PT_non-fiduciaries.html