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Prohibited Transaction Exemption Procedures; Employee Benefit Plans

retirement-erisa · Employee Benefits Security Administration · Published 2011-10-27 · Effective 2011-12-27 · 76 FR 66637

Document

Document number
2011-27312
Federal Register citation
76 FR 66637
CFR reference
29 CFR 2570
Type
Rule
Action
Final rule.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
2011-10-27
Effective date
2011-12-27

Abstract

This document contains a final rule that supersedes the existing procedure governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code of 1986 (the Code), and the Federal Employees' Retirement System Act of 1986 (FERSA). The Secretary of Labor is authorized to grant exemptions from the prohibited transaction provisions of ERISA, the Code, and FERSA and to establish an exemption procedure to provide for such relief. This final rule clarifies and consolidates the Department of Labor's exemption procedures and provides the public with a more comprehensive description of the prohibited transaction exemption process.

Source

Authoritative
Federal Register document
Machine
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