This Employee Benefit Plan Audit Quality Center (EBPAQC) primer provides a general understanding of master trusts. While master trusts can be formed for various business purposes, this primer only addresses master trusts in employee benefit plans.
Included in this primer are:
Discussions of the definition of a master trust
The meaning of common control
Master trust types and structures
The difference between an undivided interest and a divided interest
Valuation of assets held by participating plans via the dollar