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Pension Resource

29 C.F.R. § 2520.104-24

Exemption for welfare plans for certain selected employees.
CFR 2001 annual edition (revised as of 2001-07-01) · superseded Jul 1, 2002 · last amended by 40 FR 34533, Aug. 15, 1975
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The earliest stored text of this section is effective Jul 1, 1997. Showing that version.
(a) Purpose and scope.
(1) This section, under the authority of section 104(a)(3) of the Employee Retirement Income Security Act of 1974, exempts unfunded or insured welfare plans maintained by an employer for the purpose of providing benefits for a select group of management or highly compensated employees from the reporting and disclosure provisions of part 1 of title I of the Act, except for the requirement to provide plan documents to the Secretary of Labor upon request under section 104(a)(1) of the Act.
(2) Under section 104(a)(3) of the Act, the Secretary is authorized to exempt by regulation any welfare benefit plan from all or part of the reporting and disclosure requirements of title I of the Act.
(b) Exemption. Under the authority of section 104(a)(3) of the Act, each employee welfare benefit plan described in paragraph (c) of this section is exempted from the reporting and disclosure provisions of part 1 of title I of the Act, except for providing plan documents to the Secretary of Labor upon request as required by section 104(a)(1).
(c) Application. This exemption is available only to employee welfare benefit plans:
(1) Which are maintained by an employer primarily for the purpose of providing benefits for a select group of management or highly compensated employees, and
(2) For which benefits (i) are paid as needed solely from the general assets of the employer, (ii) are provided exclusively through insurance contracts or policies, the premiums for which are paid directly by the employer from its general assets, issued by an insurance company or similar organization which is qualified to do business in any State, or (iii) both.
Source credit, amendments & notes

[40 FR 34533, Aug. 15, 1975]

29 C.F.R. § 2520.104-24 — Exemption for welfare plans for certain selected employees. · CFR 2001 annual edition (revised as of 2001-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-2520.104-24&asof=1993-02-01 · printed Oct 16, 2026
On this page
  • (a) Purpose and scope.
  • (b) Exemption.
  • (c) Application.
Implements
ERISA § 104 (29 U.S.C. § 1024) Filing with Secretary and furnishing information to participants and certain employers
Cited by (code & regs)
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Also cited in 1 other documents
Department of Labor (EBSA)
Proposed Rules
  • 81 FR 47534Proposed Jul 21, 2016 — Proposed Revision of Annual Information Return/Reports Comments due Oct 4, 2016

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Jul 1, 1997Jun 30, 2002CFR 2001 annual edition (revised as of 2001-07-01) run 12740 FR 34533, Aug. 15, 1975View
Jul 1, 2002currenteCFR amendment effective 2017-01-01 run 267 FR 776, Jan. 7, 2002View · Redline (sign in)
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