81 FR 21181 — Amendment to and Partial Revocation of Prohibited Transaction Exemption (PTE) 86-128 for Securities Transactions Involving Employee Benefit Plans and Broker-De… ERISAFinal Rules (FR)Apr 8, 2016related by meaning
I(c) of PTE 75-1 duplicates the relief available under the statutory exemptions. Therefore, the Department is revoking these parts.
PTE 75-1, Part II As noted earlier, the exemption in PTE 75-1, Part II(2), is being incorporated into PTE 86-128. Accordingly, the Department is revoking PTE 75-1, Part II(2). In connecti…
80 FR 22021 — Proposed Amendment to and Proposed Partial Revocation of Prohibited Transaction Exemption (PTE) 86-128 for Securities Transactions Involving Employee Benefit P… ERISAProposed Rules (FR)Proposed Apr 20, 2015related by meaning
atio = 1.47 × (1,400,000/10,509,091) = 0.196 = 19.6 percent.
Proposed Revocation of Parts I(b), I(c) and II(2) of PTE 75-1 and Restatement of PTE 75-1 The Department is proposing to revoke Parts I(b), I(c) and II(2) of PTE 75-1. In connection with the proposed revocation of Part II(2), the Department is republishing Pa…
89 FR 32346 — Amendment to Prohibited Transaction Exemptions 75-1, 77-4, 80-83, 83-1, and 86-128 ERISAFinal Rules (FR)Apr 25, 2024related by meaning
nd in its text, PTE 2020-02 has been broadly amended to encompass compensation for advice irrespective of the product recommended.
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6. ERISA section 408(a) and Code section 4975(c)(2), expressly permit the Department (through the Reorganization Plan No. 4 of 1978) to grant “a conditional or uncondition…
86 FR 57272 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAProposed Rules (FR)Proposed Oct 14, 2021
…users and innovate effectively if one or more members on the team represent the user's demographic.[122]
Companies in the top-quartile for gender diversity on executive teams were 21% more likely to outperform on profitability. Companies in the top-quartile for ethnic/cultural diversity on executive teams were 33% more…
89 FR 5624 — Automatic Portability Transaction Regulations ERISAProposed Rules (FR)Proposed Jan 29, 2024
… Distribution Limit)
Coverage/Match Factor
65%
65%
65%
65%
65%
65%
65%
65%
65%
65%
Default IRAs
810,122
810,122
810,122
810,122
810,122
810,122
810,122
810,122
810,122
810,122
8,101,220
Accounts with AP
526,579
526,579
526,579
526,579
526,579
526,579
526,579
526,579
526,579
526,579
5,265,790
AP Transfers
337,484
337,48…
81 FR 21147 — Amendment to and Partial Revocation of Prohibited Transaction Exemption (PTE) 84-24 for Certain Transactions Involving Insurance Agents and Brokers, Pension Co… ERISAFinal Rules (FR)Apr 8, 2016related by meaning
nancial institution, an insurance company, or a broker-dealer.
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8.
Cerulli Associates, “Retirement Markets 2015.”
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9. The Department initially proposed an amendment to its regulation defining a fiduciary within the meaning of ERISA section 3(21)(A)(ii) and Code section 4975(e)(3)(B) on…
88 FR 76032 — Proposed Amendment to Prohibited Transaction Exemptions 75-1, 77-4, 80-83, 83-1, and 86-128 ERISAProposed Rules (FR)Proposed Nov 3, 2023related by meaning
tionary authority or control with respect to IRAs could continue to rely on PTE 86-128, as long as they comply with all of the exemption's conditions. The Department is also proposing certain technical changes to the exemption, including deleting subsection IV(b)(1), and redesignating remaining sections as needed. The …
91 FR 4348 — Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure ERISAProposed Rules (FR)Proposed Jan 30, 2026
…centives not solely related to the contract or arrangement with the self-insured group health plan.[122]
The Department seeks comment on whether the final rule should specify that such disclosures would be made on a pro-rata basis.
75 FR 41600 — Reasonable Contract or Arrangement Under Section 408(b)(2)-Fee Disclosure ERISAFinal Rules (FR)Jul 16, 2010
…
42,000
General Information Total
420,000
194,000
194,000
270,000
Investment Disclosure
8,290,000
1,122,000
1,122,000
3,509,000
Update Investment Disclosure
108,000
108,000
108,000
108,000
Investment Disclosure Total
8,390,000
1,230,000
1,230,000
3,617,000
Request for Additional Information for Exemption
19,000
9,000
9…
85 FR 82798 — Prohibited Transaction Exemption 2020-02, Improving Investment Advice for Workers & Retirees ERISAFinal Rules (FR)Dec 18, 2020
….[121]
The Financial Institution's policies and procedures would focus on rollover recommendations.[122]
91 FR 16088 — Fiduciary Duties in Selecting Designated Investment Alternatives ERISAProposed Rules (FR)Proposed Mar 31, 2026
…some plans adopting these target date funds with alternative investments would add multiple series.[122]
89 FR 32302 — Amendment to Prohibited Transaction Exemption 84-24 ERISAFinal Rules (FR)Apr 25, 2024
…our for IRAs)] × $165.71 per hour ≉ $1,007,508.
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73.
The burden is estimated as: [(122,318 IRAs + 10 investment company principal underwriters for IRAs × 28.2 percent paper) × (2 minutes ÷ 60 minutes)] ≉ 1,150 hours. A labor rate of $65.99 is used for a clerical worker. The labor rate is applied in the…
80 FR 22004 — Proposed Amendment to Prohibited Transaction Exemption (PTE) 75-1, Part V, Exemptions From Prohibitions Respecting Certain Classes of Transactions Involving Em… ERISAProposed Rules (FR)Proposed Apr 20, 2015related by meaning
to Citation
11.
See
Preamble to PTE 75-1, Part V, 40 FR 50845 (Oct. 31, 1975); ERISA Advisory Opinion 86-12A (March 19, 1986).
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12. Because of this limitation, the Department views it as unnecessary to condition this exemption on the fiduciary's adherence to the impartial conduct standards, including…
89 FR 23090 — Amendment to Prohibited Transaction Class Exemption 84-14 for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption) ERISAFinal Rules (FR)Apr 3, 2024
…y associated with preparing documentation for the application and preparing the application itself.[122]
Additionally, the commenter did not elaborate on the type of entity that would be requesting exemptive relief. Applications may vary in complexity, depending on the nature of the Prohibited Misconduct and the number…
81 FR 21139 — Amendment to Prohibited Transaction Exemption (PTE) 75-1, Part V, Exemptions From Prohibitions Respecting Certain Classes of Transactions Involving Employee Be… ERISAFinal Rules (FR)Apr 8, 2016related by meaning
75(e)(1) of the Code are included within the scope of relief provided by PTE 75-1 because it was issued jointly by the Department and the Service.
See PTE 2002-13, 67 FR 9483 (March 1, 2002) (preamble discussion). For simplicity and consistency with the other new exemptions and amendments to other existing exemptions p…
89 FR 34106 — Definition of “Employer”-Association Health Plans ERISAFinal Rules (FR)Apr 30, 2024
…r associations of employers that sponsor AHPs for their members will also want to sponsor [ARPs].” [122]
Noting some take-up success under the 2019 ARP Rule, one of the commenters implied that the Department is being arbitrary and capricious by ignoring the possibility of a similar level of success for AHPs absent the …
81 FR 47534 — Proposed Revision of Annual Information Return/Reports ERISAProposed Rules (FR)Proposed Jul 21, 2016
…g. 21, 1996); Title I of the Genetic Information Nondiscrimination Act of 2008, Public Law 110-233, 122 Stat. 881 (May 21, 2008); the Mental Health Parity Act of 1996, Public Law 104-204, 110 Stat. 2944 (Sept. 26, 1996) and the Mental Health Parity and Addiction Equity Act of 2008, Public Law 110-343, 122 Stat. 3881 (O…
87 FR 73822 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAFinal Rules (FR)Dec 1, 2022
…nly
2,649
16,691
19,340
19,340
Both Direct and Indirect
849
645
1,494
1
1,495
Total
4,558
19,564
24,122
518
24,640
ESOP (No Common Stock)
5,809
5,809
5,809
Common Stock and ESOP
574
574
574
Total All Plans Holding Stocks
4,558
25,947
30,505
518
31,023
a
DOL calculations from the 2020 Form 5500 Pension Research Files.
…
82 FR 5373 — Department of Labor Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2017 ERISAFinal Rules (FR)Jan 18, 2017
…03
113
8,994
114
9,743
115
10,554
116
11,433
117
12,385
118
13,417
119
14,535
120
15,745
121
17,057
122
18,477
123
20,016
124
21,684
125
23,488
126
25,445
127
27,565
128
29,861
129
32,348
130
35,042
131
37,960
132
41,122
133
44,546
134
48,099
135
51,652
136
55,206
137
58,758
138
62,311
139
65,864
140 or more
69,417
* *…
ERISACourt RulingsApr 28, 1995
…of those procedures Mr. Zucker was able to
modify his opinion and issue an unqualified opinion. (TR 122).
It took him 32 days to complete the additional audit. (TR 121).
Mr. Zucker was unaware of any announcement by the Department