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Trustee/Owner/Participant to Be 50% Owner of Restaurant; Plan to Own Remaining 50%; Prohibited?
BenefitsLink Message BoardsLink to more items from this source
Jan. 13, 2021

"Husband and wife own 100% of business that sponsors a DB plan. They are the only employees, the only participants, and the plan's trustees. Husband wants to buy an investment property (a building housing a fast food restaurant, but I don't think that's relevant) 50/50 with the plan as tenants in common. I believe this is a PT. Does anyone disagree?"

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