Scott
Dec 2 1999, 05:06 PM
Is a VEBA subject to the limitation under ERISA Section 407(a)(2), which prohibits a plan from holding qualifying employer securities in excess of 10% of plan assets?
John Koresko
Jan 20 2000, 05:32 PM
In reply, there appears to be no welfare plan exeption in sec. 407. The 10% rule should apply.