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Plan assets: Difference between revisions
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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]]''<ref>You know, the bit where Clarice is in the house alone with Buffalo Bill.</ref>. | [[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]]''<ref>You know, the bit where Clarice is in the house alone with Buffalo Bill.</ref>. | ||
The concern is concern over the U.S. Department of Labor’s “[[plan asset regulations]]” which determine a [[fund]] | 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]]. | ||
==={{tag|ERISA}} [[representation]]s and [[prohibited transaction]]s=== | ==={{tag|ERISA}} [[representation]]s and [[prohibited transaction]]s=== | ||