Overview
Nancy Gerrie and Jeffrey Holdvogt wrote this bylined article on an IRS ruling that permits retirement plans tax-qualified only in Puerto Rico to continue to pool assets with US-qualified plans. The authors called the ruling “welcome relief for Puerto Rico plan sponsors, institutional investors, and trustees, who previously were relying on transition relief that permitted Puerto Rico-only plans to participate in US group trusts for a limited time without facing potential disqualification of the participating US plans and trusts.”
