eQRP (Under Construction)
eQRP Can't transact to related parties
- eQRP owner
- decision maker for plan
- service provider for plan
- ancestor/spouse/descendant of IRA or eQRP owner
- corp, partnership, trust, estate which 50% or more owned by above
- officer, director, a 10% or more shareholder, or employee earning 10%+ of yearly wages of employer
- partner of any of the above
Can't transact with disqualified person.
- contract for reasonable engagement with a disqualified person
- office space, or legal, accounting, or other services necessary for estabilishment of plan allowed, if no more than reasonable compensation paid therefore
- Exemption includes servicing notes which you have directed to be purchased. It doesn't include leasing back property to yourself or a disqualified person.
Allowed to loan to brother/nephew/even mortgage
No allowed, disqualified persons
- No fiduciary
- person providing services to plan
- owner, direct or indirect of 50% or more of
- combined voting power of all classes of stock entitled to vote
- Member of the family
- Corp/partnership, trust with 50% of above