Disqualified Person

Definition of "Disqualified person"

Tom Longmoore real estate agent
Tom Longmoore, Real Estate Agent Watson Realty Corp. Kissimmee

Individual prohibited under the employee retirement income security act of 1974 (erisa) from conducting transactions with a trust plan. The prohibition is intended to prevent a conflict of interest between the prohibited person with a vested interest in the trust plan and the trust plan itself. Prohibited individuals include employer, trust plan participant, trustee of the plan, and fiduciary of the trust plan.


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