If a plan sponsor has an old 403(B) plan and a new 401(k) plan, must the 403(B) plan have a seperate trust from the 401(k) plan, or can they have one trust for both plans?
------------------ Rob Morgan Pension Plan Administrator
CVCalhoun
Jun 10 1999, 05:48 PM
Technically, they have to have separate trusts, because the vehicles in which a 403(B) plan can invest do not include a trust under a 401(a) plan. As a practical matter, though, each trust can own an undivided interest in a common pool of assets. Thus, the only practical impact of having two trusts is that there must be separate accounting for each. ----------------------- Employee benefits legal resource site
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