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Text of Proposed PTE to Allow Owner-Trustee to Guarantee Loan to Real Estate Operating Company Owned by 401(k) Plan
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Apr. 28, 2017

22 pages. "The Plan is a 401(k) Plan sponsored by Rosetree, a licensed CPA firm, insurance agency, and registered investment adviser. Mr. Rosenbaum (the Applicant) is the sole shareholder and employee of Rosetree.... Kurtson is a real estate operating company that is wholly owned by the Plan.... Kurtson seeks an initial Loan from [an unrelated lender] in order to acquire and rehabilitate a new investment property that will serve as the Collateral Property for the Loan."

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