Subscribe to the "Prohibited Transactions defined in ERISA Section 406(a)" web feed.Subscription options
Excerpt from:  Professional Employer Organization -- PEO
.
September 28, 2007

Prohibited Transactions defined in ERISA Section 406(a)

Section 406(a) states that a plan fiduciary may not engage the plan in an activity or transaction if he or she knows, or should know that the action directly or indirectly involves the:

 

  • Sale, exchange, or lease of any property between the plan and a party in interest
  • Lending of money or extending of credit between the plan and a party in interest
  • Furnishing of goods, services, or facilities between the plan and a party in interest
  • Transfer of a plan asset to a party in interest
  • Use of assets by, or for the benefit of, a party in interest
  • The acquisition or holding on behalf of the plan of any employer security or employer real property in excess of ERISA Section 407 limits
Topic Tags:  , ,
by Jim Thibodeau | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription