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Final Rule Amending the Definition of Plan Assets; Participant Contributions

retirement-erisa · Employee Benefits Security Administration · Published 1997-11-25 · Effective 1997-11-25 · 62 FR 62934

Document

Document number
97-30961
Federal Register citation
62 FR 62934
CFR reference
29 CFR 2510
Type
Rule
Action
Final rule.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
1997-11-25
Effective date
1997-11-25

Abstract

This document contains a final rule amending the Department of Labor's regulation published in the Federal Register on August 7, 1996, that defines when participant contributions to a pension benefit plan become plan assets for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The amendment set forth in this notice harmonizes the Title I rules governing the definition of plan assets with the Internal Revenue Code (Code) rules governing the timing of deposits for Savings Incentive Match Plans for Employees (SIMPLE plans) that involve Individual Retirement Accounts (SIMPLE IRAs) and thereby simplifies compliance by small businesses.

Source

Authoritative
Federal Register document
Machine
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