Labour market · 01/08/2012
Exemptions Issued by the Department of Labor for Certain Prohibited Transactions
The Department of Labor has issued exemptions for several transactions involving employee stock ownership plans, defined benefit plans, and other retirement plans, exempting JPMorgan Chase, South Plains Financial, Meridian Medical Associates, TIB Financial Corp, and Ed Laur from certain prohibited transaction restrictions under ERISA and the Internal Revenue Code.