In 1975, the Department of Labor (the Department) issued a regulation describing circumstances under which the use of an employer payroll deduction program for forwarding employee monies to an individual retirement account (IRA) will not constitute an employee pension benefit plan subject to Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Since the issuance of that regulation, the Department has issued several advisory opinions answering common questions arising under the regulation. This interpretive bulletin codifies the views of the Department provided in those advisory opinions and, by restating those views in one, more readily available document, is intended to assist employers in their efforts to provide retirement savings opportunities to employees by means of payroll deduction programs that do not fall within the reach of Title I of ERISA.