Labour market · 26/11/2014

Proposed Exemptions From Certain Prohibited Transaction Restrictions

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). These proposed exemptions apply to several pension and retirement plans, including the United Association of Journeymen and Apprentices of the Plumbers and Pipefitters Local Union No. 189 Pension Plan and the First Security Group, Inc. 401(k) and Employee Stock Ownership Plan.