Department of Labor Regulation 29 CFR 2510.3-101 – the Plan Asset Rules

Department of Labor Regulation 29 CFR 2510.3-101 contains what are commonly called the Plan Asset Rules.  These rules can be complex, but they are important for all IRA LLCs because a violation of the plan asset regulation can be a prohibited transaction. The Department of Labor says:

“The plan asset regulation [...]

July 10th, 2010 | Tags: , , , | Category: Regulations | Comments are closed

What is the Plan Asset Rule?

All IRA owners who have made self-directed investments 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 IRA with the consequence that any [...]

April 25th, 2008 | Tags: , , , , | Category: Legal Issues, Prohibiited Transactions, Regulations, Self Directed IRAs | Comments are closed