Labour market · 27/10/2011

DOL Issues Final Rule on Prohibited Transaction Exemption Procedures for Employee Benefit Plans

The Department of Labor has released a final rule that streamlines the process for obtaining exemptions from prohibited transactions under the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code of 1986, and the Federal Employees' Retirement System Act of 1986 (FERSA), providing a more comprehensive overview of the exemption process.