Labour market · 27/07/2015

Proposed Exemptions from Certain Prohibited Transaction Restrictions Under ERISA and the Internal Revenue Code

The Department of Labor has issued notices of proposed exemptions from certain prohibited transaction restrictions under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code), affecting several companies and retirement plans, including Les Schwab Tire Centers, New England Carpenters Training Fund, Virginia Bankers Association Defined Contribution Plan, and United States Steel and Carnegie Pension Fund.