Plan Asset Rule Follies

In our practice, we occasionally see transactions structured by other financial planners attempting to circumnavigate the Prohibited Transaction Rules found in Internal Review Code sec. 4975, by using the thresholds found in the "Plan Asset Rule." Dept. of Labor Regs. Sec. 2510.3-101.  As is typical with most prohibited transactions, these arrangements often involve the IRA or … [Read more...]