I'm still not sure how buying stock in your own company isn't a Prohibited Transaction.
> [1]Prohibited transactions in a qualified plan
> 4. Any of the following acts between the plan and a disqualified person:
> [1] Disqualified person. You are a disqualified person if you are any of the following.
> 8. An officer, a director (or an individual having powers or responsibilities similar to those of officers or directors), a 10% or more shareholder, or a highly compensated employee (earning 10%-or-more of the yearly wages of an employer) of a person described in (3), (4), (5), or (7).
It is, but as we have witnessed for decades, and intensely more so in recent years, the application of the law is inversely proportional to the wealth of the defendant.
> [1]Prohibited transactions in a qualified plan
> 4. Any of the following acts between the plan and a disqualified person:
> [1] Disqualified person. You are a disqualified person if you are any of the following.
> 8. An officer, a director (or an individual having powers or responsibilities similar to those of officers or directors), a 10% or more shareholder, or a highly compensated employee (earning 10%-or-more of the yearly wages of an employer) of a person described in (3), (4), (5), or (7).
[1]: https://www.irs.gov/publications/p560#en_US_2022_publink1000...