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What are qualifying plan assets (As per ERISA)?

Category : Finance | Answer: 1 5 Years Ago

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“Qualifying plan assets” are:

  • Any asset held by certain regulated financial institutions
  • Shares issued by an investment company registered under the Investment Company Act of 1940 (e.g. mutual fund shares);
  • Investment and annuity contracts issued by any insurance company qualified to do business under the laws of a state;
  • In the case of an individual account plan, any assets in the individual account of a participant or beneficiary over which the participant or beneficiary has the opportunity to exercise control and with respect to which the participant or beneficiary is furnished,at least annually, a statement from a regulated financial institution describing the plan assets held or issued by the institution and the amount of such assets;
  • Qualifying employer securities, as defined in ERISA section 407(d)(5); and
  • Participant loans meeting the requirements of ERISA section 408(b)(1), whether or not they have been deemed distributed
5 Years Ago
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