# Removal of Definition of “Plan Assets”-Insurance Company General Accounts
> **Employee Benefits Security Administration** · Direct final rule (DFR); request for comments. · Published 2025-07-01 · Effective 2025-09-02 · 90 FR 28009
## Document
- **Document number:** 2025-11650
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 90 FR 28009
- **CFR reference:** 29 CFR 2550
- **Publication date:** 2025-07-01
- **Effective date:** 2025-09-02
## Abstract

This DFR removes 29 CFR 2550.401c-1 from the Code of Federal Regulations, which the Department of Labor (DOL) believes is obsolete. The regulation applies only to certain insurance policies or contracts issued to (or on behalf of) employee benefit plans on or before December 31, 1998. Given the unlikelihood that any of these policies or contracts remain in effect, the DOL believes the regulation is no longer needed and, if left on the books, could add confusion and unnecessary complexity. Removing obsolete regulations eliminates the burden on the public of having to determine whether they need to comply with the regulations. This action is being taken pursuant to Executive Order 14192, titled Unleashing Prosperity Through Deregulation.\1\ This action improves the daily lives of the American people by reducing unnecessary, burdensome, and costly Federal regulations. ---------------------------------------------------------------------------

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2025/07/01/2025-11650/removal-of-definition-of-plan-assets-insurance-company-general-accounts)
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