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Employee Retirement Income Security Act of 1974: Difference between revisions
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Employee Retirement Income Security Act of 1974 (view source)
Revision as of 15:36, 21 June 2016
, 21 June 2016→Close out and netting
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''Be extra-specially warned: this is the untutored ramblings of a non-US lawyer'' | ''Be extra-specially warned: this is the untutored ramblings of a non-US lawyer'' | ||
===Close out and netting=== | ====Close out and netting==== | ||
If there is more than a certain percentage of {{tag|ERISA}} plan money (or money from other non-{{tag|ERISA}} Government retirement plans with similar legislation) in a fund, it becomes itself subject to {{tag|ERISA}} regulations, particularly penal tax and investor protection provisions, ''and also provisions affecting the ordinary winding up of the fund and therefore netting''. | If there is more than a certain percentage of {{tag|ERISA}} plan money (or money from other non-{{tag|ERISA}} Government retirement plans with similar legislation) in a fund, it becomes itself subject to {{tag|ERISA}} regulations, particularly penal tax and investor protection provisions, ''and also provisions affecting the ordinary winding up of the fund and therefore netting''. | ||