ERISA generally prohibits extension of credit between plans and parties in interest. The purpose is to prevent mismanagement of plan assets by those that manage and control employee benefit plans. Provide examples of how a party in interest may be involved in an ERISA plan transaction.

Answer rating: 100% (QA)

Under the Employee Retirement Income Security Act ERISA parties in interest are individuals or entities that have a close relationship with the employee benefit plan ERISA generally prohibits certain ... View the full answer