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February 19, 2009

Commingling

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Definition

Mixing of retirement plan assets that may be required to be maintained separately for  certain reasons. For instance, adding regular IRA contributions to a conduit IRA is commingling, and results in the account losing it’s ‘conduit’ status.

Commingling is also used to refer to combining IRA assets with qualified plan assets, combining retirement plan assets with non-retirement plan assets.

Referring Cite

IRC § 408(a)(5)

Additional Helpful Information

IRC § 408(a)(5)  provide that “The assets of the trust will not be commingled with other property except in a common trust fund or common investment fund.”

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