Labour market · 21/11/2022

DOL Proposes Amendment to Prohibited Transaction Exemption 2002-51 to Permit Certain Transactions Under Voluntary Fiduciary Correction Program

The Department of Labor is proposing an amendment to the Prohibited Transaction Exemption 2002-51, which allows certain transactions to be exempt from excise taxes under the Employee Retirement Income Security Act, in connection with its amendment to the Voluntary Fiduciary Correction Program, published in today's Federal Register.