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k man
Is it a prohibited transaction for the sole shareholder of a professional association (law firm)to loan money to the P.A. so that the P.A. can make the annual contribution to the firm's defined benefit plan?
b2kates
No PT, a PT is defined specifically as transaction between the Plan and a party in interest. The loan is between the plan sponsor and its owner- not related to the plan. I see that this is no different
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