DOL Updates ERISA PTE Procedures


On October 27, 2011, the Department of Labor (DOL) published updated procedures for filing and processing ERISA prohibited transaction exemption (PTE) applications, applicable to all applications filed on or after December 27, 2011. The update primarily:

-- Consolidates in a single regulation guidance on the exemption procedure previously published in a 1988 technical release, a regulation adopted in 1990, and a 1995 publication;

-- Permits greater use of electronic means for submitting information and comments on pending PTE applications; and

-- Authorizes DOL to require an applicant to include in its “notice to interested parties” a summary of an individual PTE tentatively approved by DOL.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:


Eversheds Sutherland (US) LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.