Plan assets
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Plan assets is a concept under the feared but respected Employee Retirement Income Security Act which strikes terror into the heart of investment managers, and a shiver of tense but almost orgasmic excitement down the spine of an ERISA lawyer. The same sort of sensation normal peope get watching that closing scenes of Silence of the Lambs[1].
The concern is concern over the U.S. Department of Labor’s “plan asset regulations” which determine a fund's assets will be treated as held directly by an ERISA plan investor for the purposes of ERISA and the Internal Revenue Code of 1986.
See also
- ↑ You know, the bit where Clarice is in the house alone with Buffalo Bill.