89 FR 32302 — Amendment to Prohibited Transaction Exemption 84-24 ERISAFinal Rules (FR)Apr 25, 2024★ strong match
… hours
Equivalent burden cost
Burden hours
Equivalent burden cost
Insurance Sales Agent
250,000
$41,322,500
250,000
$41,322,500
Total
250,000
41,322,500
250,000
41,322,500
1.3.1.5 Mailing Cost for Disclosures Sent From Independent Producers to Retirement Investors
As discussed at the beginning of the cost section, the …
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
tion
45.
15 U.S.C. 80b-11(g)(1).
Back to Citation
46.
See e.g., Fish
v.
GreatBanc Trust Company,
749 F.3d 671 (7th Cir. 2014).
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47. As a practical matter, one way for financial institutions to ensure that they can meet this burden is by implementing strong anti-conflict policies and procedures, and …
89 FR 32122 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAFinal Rules (FR)Apr 25, 2024
… Owed + $43,244,858 for the statement in the Relationship and Conflict of Interest disclosure + $41,322,500 for the rollover disclosure) + ($776,863 to prepare and send disclosures + $145,230 for material and postage costs) + ($1,455,103 for additional compensation disclosure preparation + $10,998 for materials and pos…
81 FR 21208 — Amendments to Class Exemptions 75-1, 77-4, 80-83 and 83-1 ERISAFinal Rules (FR)Apr 8, 2016related by meaning
under section 4975 of the Code] is hereby transferred to the Secretary of Labor”)
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9.
29 CFR 2550.408b-2(e); 26 CFR 54.4975-6(a)(5). Back to Citation
10.
Exemptions from Prohibitions Respecting Certain Classes of Transactions Involving Employee Benefit Plans and Certain Broker-Dealers, Reporting Deal…
88 FR 75890 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAProposed Rules (FR)Proposed Nov 3, 2023
…15,987 state-registered investment advisers, of which 283 are dually registered as a broker-dealer.[322]
In 2018, 125 state-registered investment advisers were also registered with the SEC.[323]
To avoid double counting, the Department counted dually registered firms as broker-dealers and excluded them from the count o…
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
t. Life Ins. Co.
v.
Harris Trust & Sav. Bank,
510 U.S. 86, 98 (1993).
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40.
See BancOklahoma Mortg. Corp.
v.
Capital Title Co., Inc., 194 F.3d 1089 (10th Cir. 1999) (stating that McCarran-Ferguson Act bars the application of a Federal statute only if (1) the Federal statute does not specifically relate…
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
tion.
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14.
67 FR 64137 (October 17, 2002).
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15.
See
Advisory Opinion 2011-08A (June 21, 2011).
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16. As noted above, for purposes of this amendment, the terms “Individual Retirement Account” or “IRA” mean any account or annuity described in Code section 4975(e)(1)(B) t…
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 32260 — Amendment to Prohibited Transaction Exemption 2020-02 ERISAFinal Rules (FR)Apr 25, 2024related by meaning
…ts Security Administration
29 CFR Part 2550
[Application No. D-12057]
ZRIN 1210-ZA32
( printed page 32260)
AGENCY:
Employee Benefits Security Administration, U.S. Department of Labor.
ACTION:
Amendment to Class Exemption PTE 2020-02.
SUMMARY:
This document contains a notice of amendment to class prohibited transaction …
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
ent advice, as defined under ERISA and in a proposed regulation issued by the Department that is found elsewhere in this issue of the
Federal Register , from the covered transactions in each exemption and make certain other administrative changes. The Department is proposing these amendments on its own motion, pursuant…
91 FR 9213 — Requirement To Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors ERISAProposed Rules (FR)Proposed Feb 25, 2026
…ations
693,105 = 770,117 Plans × 90% Using a Service Provider
5/60
70.29
57,759
4,059,862
Total
138,322
$18,646,718
Table 8—Cost for Distribution of New Paper Benefit Statements for 2020 Safe Harbor
[Year 1]
Description
Affected entities
Pages per
disclosure
Material costs per
page
Distribution
costs per
disclosure
Tot…
87 FR 73822 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAFinal Rules (FR)Dec 1, 2022
…f affected entities in section IV.C.
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278.
The burden is estimated as follows: 149,322 plans × 4 hours = 597,288 hours. A labor rate of $153.21 is used for a legal professional. The cost is estimated as follows: 149,322 plans × 4 hours × $153.21 = $91,510,494.
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279.
The per-plan burden…
ERISACourt RulingsMar 20, 1995
…o genuine issue of material
fact to be determined at trial. Celotex Corp. v. Catrett, 477 U.S. 317, 322 (1986); 29
C.F.R. § 18.41; Fed. R. Civ. P. 56(c). A genuine issue of material fact is present where
the record, taken as a whole, could lead a rational trier-of-fact to find for the non-moving
party. Matsushita Elect…
91 FR 46602 — Electronic Disclosure by Group Health Plans Under ERISA ERISAProposed Rules (FR)Proposed Jul 23, 2026
…fit institutions.
Respondents:
809,901.
Responses:
178,211,549.
Estimated Total Burden Hours:
1,068,322.
Estimated Total Costs:
$18,423,119.
Descriptions:
80 FR 22035 — Proposed Amendments to Class Exemptions 75-1, 77-4, 80-83 and 83-1 ERISAProposed Rules (FR)Proposed Apr 20, 2015related by meaning
duciary is providing or other actions it is taking in relation to a plan's or IRA owner's investment decisions is deemed to be a misleading statement. For purposes of this section, a fiduciary acts in the “Best Interest” of the plan or IRA when the fiduciary acts with the care, skill, prudence, and diligence under the …
ERISACourt RulingsAug 10, 2026
… for appropriate remedies, sanctions, and ready access to the Federal
courts.’ ” Marks v. Watters , 322 F.3d 316, 322 (4th Cir. 2003) (quoting 29
U.S.C. § 1001(b) ).
USCA4 Appeal: 25-1350 Doc: 89 Filed: 08/10/2026 Pg: 3 of 21
4
As to Kelly’s third claim, h e allege d that, despite his request, the p lan administrator
r…
ERISARegulationsJan 1, 2017related by meaning
For prohibited transaction penalty proceedings, this section shall apply in lieu of § 18.10 of this title.
91 FR 4348 — Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure ERISAProposed Rules (FR)Proposed Jan 30, 2026
… providers, as defined in the statute, must now disclose both direct and indirect fee compensation.[322]
When questioned by Congress in 2023 regarding PBMs' compliance with Section 408(b)(2), PCMA responded that they believed their companies were in compliance and provided the appropriate disclosures related to direct …
ERISACourt RulingsAug 10, 2026
… for appropriate remedies, sanctions, and ready access to the Federal
courts.’ ” Marks v. Watters , 322 F.3d 316, 322 (4th Cir. 2003) (quoting 29
U.S.C. § 1001(b) ).
USCA4 Appeal: 25-2080 Doc: 59 Filed: 08/10/2026 Pg: 3 of 21
4
As to Kelly’s third claim, h e allege d that, despite his request, the p lan administrator
r…
ERISARegulationsJan 1, 2017related by meaning
[Reserved]