Title 29 published on 2012-07-01
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 29 CFR 2578 after this date.
2012-12-12; vol. 77 # 239 - Wednesday, December 12, 2012 77 FR 74056 - Notice of Proposed Amendment to Prohibited Transaction Exemption 2006-06 (PTE 2006-06) for Services Provided in Connection With the Termination of Abandoned Individual Account Plans
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DEPARTMENT OF LABOR, Employee Benefits Security Administration Notice of Proposed Amendment to PTE 2006-06. Written comments and requests for a public hearing must be received by the Department on or before February 11, 2013. Summary This document contains a notice of pendency before the Department of Labor (the Department) of a proposed amendment to PTE 2006-06, a prohibited transaction class exemption issued under the Employee Retirement Income Security Act of 1974 (ERISA). Among other things, PTE 2006-06 permits a “qualified termination administrator” (QTA) of an individual account plan that has been abandoned by its sponsoring employer to select itself to provide services to the plan in connection with the plan's termination, and to pay itself fees for those services.
77 FR 74063 - Amendments to the Abandoned Plan Regulations
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DEPARTMENT OF LABOR, Employee Benefits Security Administration Proposed regulations. Written comments should be received by the Department of Labor on or before February 11, 2013. 29 CFR Parts 2520, 2550, and 2578 Summary This document contains proposed amendments to three regulations previously published under the Employee Retirement Income Security Act of 1974 that facilitate the termination of, and distribution of benefits from, individual account pension plans that have been abandoned by their sponsoring employers. The principal amendments propose to permit bankruptcy trustees to use the Department's Abandoned Plan Program to terminate and wind up the plans of sponsors in liquidation under chapter 7 of the U.S. Bankruptcy Code. In addition, other technical amendments are proposed to improve the operation of the regulations. If adopted, the amendments would affect employee benefit plans, primarily small defined contribution plans, participants and beneficiaries, service providers, and individuals appointed to serve as trustees under chapter 7 of the U.S. Bankruptcy Code.
