Selection of Annuity Providers-Safe Harbor for Individual Account Plans
other · US Department of Labor · Published 2008-10-07 · Effective 2008-12-08 · 73 FR 58447
Document
Document number
E8-23427
Federal Register citation
73 FR 58447
CFR reference
29 CFR 2550
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Labor
Publication date
2008-10-07
Effective date
2008-12-08
Abstract
This document contains a final regulation that establishes a safe harbor for the selection of annuity providers for the purpose of benefit distributions from individual account plans covered by title I of the Employee Retirement Income Security Act (ERISA). This regulation will affect plan sponsors and fiduciaries of individual account plans and the participants and beneficiaries covered by such plans. Also appearing in today's Federal Register is a final rule amending Interpretive Bulletin 95-1 to limit the application of the Bulletin to the selection of annuity providers for defined benefit plans.