Comments on: What is the Plan Asset Rule? http://www.jeffnabers.com/2008/04/25/what-is-the-plan-asset-rule/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff Nabers http://www.jeffnabers.com/2008/04/25/what-is-the-plan-asset-rule/comment-page-1/#comment-22246 Jeff Nabers Thu, 21 Oct 2010 04:19:28 +0000 http://nabersgroup.wordpress.com/?p=27#comment-22246 Some of your specific questions have no exact answers created from DOL Advisory Opinions to my knowledge. But the overall scheme is one I would discourage. See this: http://www.jeffnabers.com/2008/07/24/coinvesting-with-your-plan-partnering-with-disqualified-persons/ - Jeff Some of your specific questions have no exact answers created from DOL Advisory Opinions to my knowledge.

But the overall scheme is one I would discourage. See this:

http://www.jeffnabers.com/2008/07/24/coinvesting-with-your-plan-partnering-with-disqualified-persons/

– Jeff

]]> By: Cate http://www.jeffnabers.com/2008/04/25/what-is-the-plan-asset-rule/comment-page-1/#comment-20973 Cate Thu, 30 Sep 2010 18:16:36 +0000 http://nabersgroup.wordpress.com/?p=27#comment-20973 Jeff - do family attribution rules of 4975(e)(2)(F) apply in determining whether or not an operating company is 100% owned by the IRA and IRA Owner? In our case, we have an opeating company that is currently owned 1/3 by a husband and wife LLC and two other unrelated parties. The husband and wife want to buy out the unrelated parties using IRA funds (their own and the IRA funds of the husband's mother). So the ending owners after the buyout would be the original husband and wife LLC, the husband's IRA, the wife's IRA and the mother's IRA. Does this make the assets of the operating company "plan assets" thereby paying salary to the husband a prohibited transaction? Jeff – do family attribution rules of 4975(e)(2)(F) apply in determining whether or not an operating company is 100% owned by the IRA and IRA Owner? In our case, we have an opeating company that is currently owned 1/3 by a husband and wife LLC and two other unrelated parties. The husband and wife want to buy out the unrelated parties using IRA funds (their own and the IRA funds of the husband’s mother). So the ending owners after the buyout would be the original husband and wife LLC, the husband’s IRA, the wife’s IRA and the mother’s IRA. Does this make the assets of the operating company “plan assets” thereby paying salary to the husband a prohibited transaction?

]]> By: What is the Plan Asset Rule? | IRA LLC Law http://www.jeffnabers.com/2008/04/25/what-is-the-plan-asset-rule/comment-page-1/#comment-14655 What is the Plan Asset Rule? | IRA LLC Law Sat, 10 Jul 2010 19:16:52 +0000 http://nabersgroup.wordpress.com/?p=27#comment-14655 [...] into an IRA LLC and anybody considering do so should read Jeff Nabers’ article called “What is the Plan Asset Rule?“  This rule turns assets owned by an entity into assets that are deemed to be assets of the [...] [...] into an IRA LLC and anybody considering do so should read Jeff Nabers’ article called “What is the Plan Asset Rule?“  This rule turns assets owned by an entity into assets that are deemed to be assets of the [...]

]]> By: Department of Labor Regulation 29 CFR 2510.3-101 - the Plan Asset Rules | IRA LLC Law http://www.jeffnabers.com/2008/04/25/what-is-the-plan-asset-rule/comment-page-1/#comment-14652 Department of Labor Regulation 29 CFR 2510.3-101 - the Plan Asset Rules | IRA LLC Law Sat, 10 Jul 2010 18:56:15 +0000 http://nabersgroup.wordpress.com/?p=27#comment-14652 [...] What is the Plan Asset Rule? [...] [...] What is the Plan Asset Rule? [...]

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