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…
89 FR 32302 — Amendment to Prohibited Transaction Exemption 84-24 ERISAFinal Rules (FR)Apr 25, 2024★ strong match
ection V to reflect that these sections are not available for the receipt of compensation as a result of the provision of fiduciary investment advice. The Department notes that many types of fiduciaries are already excluded from the transactions in Sections III(a)-(d) of PTE 84-24. After the Applicability Date of the F…
89 FR 32122 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAFinal Rules (FR)Apr 25, 2024
…g.
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759. This is estimated as: 358 firms × 4 hours ≉ 1,430 hours. A labor rate of $133.24 is used for a Senior Executive Officer. The labor rate is applied in the following calculation: 1,430 hours × $133.24 ≉ $190,594.
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760.
This is estimated as: 259,230 retrospective reviews × (5 min…
88 FR 75890 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAProposed Rules (FR)Proposed Nov 3, 2023
…ion
572.
The burden is estimated as: (19,290 entities × 8 hours) = 154,320 hours. A labor rate of $133.05 is used for a computer programmer professional. The labor rate is applied in the following calculation: (19,290 entities × 8 hours) × $133.05 = $20,532,276.
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573.
The burden is estimated as: (215 …
80 FR 22010 — Proposed Amendment to and Proposed Partial Revocation of Prohibited Transaction Exemption (PTE) 84-24 for Certain Transactions Involving Insurance Agents and B… ERISAProposed Rules (FR)Proposed Apr 20, 2015related by meaning
0. Telephone (202) 693-8410; Fax: (202) 219-5333. These are not toll-free numbers. ICRs submitted to OMB also are available at
http://www.RegInfo.gov. As discussed in detail below, PTE 84-24, as amended, would require insurance agents and brokers, pension consultants, insurance companies, and investment company Princip…
88 FR 76004 — Proposed Amendment to Prohibited Transaction Exemption 84-24 ERISAProposed Rules (FR)Proposed Nov 3, 2023related by meaning
cretionary Trust Services to the plan; or (3) both (1) and (2).
The Department also is proposing the following amendments.
Excluding Investment Advice The Department is proposing to exclude investment advice fiduciaries from relief for the transactions described in Section III(a) through (f) of current PTE 84-24. Inves…
88 FR 75979 — Proposed Amendment to Prohibited Transaction Exemption 2020-02 ERISAProposed Rules (FR)Proposed Nov 3, 2023
…tion
15.
The burden is estimated as: (19,290 entities × 8 hours) = 154,320 hours. A labor rate of $133.05 is used for a computer programmer professional. The labor rate is applied in the following calculation: (19,290 entities × 8 hours) × $133.05 = $20,532,276.
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16.
91 FR 4348 — Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure ERISAProposed Rules (FR)Proposed Jan 30, 2026
…tations, rules, practices and procedures made by other persons” is not a fiduciary under this test.[133]
Thus, to avoid fiduciary status, a covered service provider would ensure that its services to the self-insured group health plan, and the services of its affiliates, agents, and subcontractors, are not discretionary…
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, 2023★ strong match
…al termination form is expected to impose an hour burden of 1,391 hours with an equivalent cost of $133,610 and a total cost burden of $485.
Table 5—Hour Burden, Equivalent Cost, Postage and Material Cost Associated With Provision of the Annual Termination Form
Year 1
Subsequent years
Activity
Burden hours
Equivalent…
89 FR 5624 — Automatic Portability Transaction Regulations ERISAProposed Rules (FR)Proposed Jan 29, 2024
…225
261
295
1,469
−Baseline
14
28
43
57
71
85
99
113
128
142
780
= Benefits
3
10
22
38
54
72
92
112
133
153
689
Value of Abandoned Accounts Consolidated:
Rule
12
16
19
21
22
23
24
25
25
25
211
−Baseline
10
10
10
10
10
10
10
10
10
10
101
= Benefits
2
5
9
11
12
13
14
14
15
15
110
Annual Total:
Rule
29,247
27,846
26,464
2…
84 FR 56894 — Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA ERISAProposed Rules (FR)Proposed Oct 23, 2019
…ours to develop and review the Initial Notice. Assuming the hourly rate for in-house attorneys was $133.50 in 2016, the costs of developing the Initial Notice are estimated approximately $39 million (292,725 hours * $133.50).
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101.
ERISACourt RulingsFeb 22, 2000
…ber documents, Mr. Arneson testified that he first mailed the
documents to Ms. Hatchett at BB&L. (T 133) He verified again
that he was authorized to mail the check for $15,000.00 on December
31, 1998. (T 133) The authorization he received to do so was the
settlement agreement itself. (T 134) He also specifically
identi…
91 FR 16088 — Fiduciary Duties in Selecting Designated Investment Alternatives ERISAProposed Rules (FR)Proposed Mar 31, 2026
… 98 percent of plan sponsors and 80 percent of service providers served defined contribution plans.[133]
Most defined contribution plan sponsors (94 percent) and service providers (96 percent) surveyed expressed concern about retirement plan litigation, with 51 percent of plan sponsors and 57 percent of service provide…
91 FR 9213 — Requirement To Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors ERISAProposed Rules (FR)Proposed Feb 25, 2026
…Pre-Statute
96.1
3.9
0.0
$0
$0
$0
$0
$0
1
51.3
48.7
44.8
60,610,921
20,656,573
5,639,871
47,024,610
133,931,975
2
57.3
42.7
38.8
0
0
0
40,736,877
40,736,877
3
60.2
39.8
35.9
0
0
0
37,677,581
37,677,581
4
61.7
38.3
34.4
0
0
0
36,189,080
36,189,080
5
62.3
37.7
33.8
0
0
0
35,464,850
35,464,850
6
62.7
37.3
33.4
0
0
0
35,11…
89 FR 34106 — Definition of “Employer”-Association Health Plans ERISAFinal Rules (FR)Apr 30, 2024
…ant Executive Orders for Regulatory Impact Analyses
Executive Orders (E.O.s) 12866 [132]
and 13563 [133]
82 FR 16902 — Definition of the Term “Fiduciary”; Conflict of Interest Rule-Retirement Investment Advice; Best Interest Contract Exemption (Prohibited Transaction Exemption … ERISAFinal Rules (FR)Apr 7, 2017related by meaning
detailed discussion of the information collections and associated burden, see the Department's PRA analysis at 81 FR 21181, 21199.
Amended PTE 84-24: The information collections in Amended PTE 84-24 are approved under OMB Control Number 1210-0158. As amended, Section IV(b) of PTE 84-24 requires Financial Institutions …
86 FR 57272 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAProposed Rules (FR)Proposed Oct 14, 2021
…nd approximately four hours to complete, resulting in a cost burden of approximately $43.4 million.[133]
ERISACourt RulingsJan 20, 1998★ strong match
…Plan's premium transfer account. Ex. C58 & C59;
Respondents' Response to Request for Admissions No. 133 at
33 & No. 135 at 34. This check was used by Respondents to
purchase CD No. 19-006717 in the amount of $83,000 from Capital
City Bank in the name of "Commemorative Publications" on March 14,
1989. Exs. C60 & C61; Re…
80 FR 71936 — Interpretive Bulletin Relating to State Savings Programs That Sponsor or Facilitate Plans Covered by the Employee Retirement Income Security Act of 1974 ERISAFinal Rules (FR)Nov 18, 2015
…l exemptions.
See, e.g., District of Columbia
v.
Greater Wash. Bd. of Trade,
506 U.S. 125, 128, 129-133 (1992) (workers' compensation law that required employee benefits “set by reference to [ERISA] plans”) (citation omitted);
Ingersoll-Rand Co.
v.
McClendon,
498 U.S. 133, 135-136, 140 (1990) (common law claim for wron…
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
…about five QPAMs will need to
( printed page 23128)
update their policies and procedures each year.[133]
The Department estimates that the burden associated with new QPAMs meeting the policies and procedures requirements of the QPAM Exemption will be five hours with an equivalent cost of $797.[134]
QPAM-Sponsored Plans…