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DOL Proposes Allowing Employers to Make Interest-Free Loans to Plans Affected by September 11 Events
U.S. Department of Labor [DOL] 
[Official Guidance] Sept. 28, 2001 "The [proposal would] amend PTE 80-26 ... to expand its interest free loan exemption to address potential liquidity problems faced by many employee benefit plans ... [The loan could be] used only for a purpose incidental to the ordinary operation of the plan which arises in connection with difficulties encountered by the plan in liquidating, or otherwise accessing its assets, or accessing its data in a timely manner as a direct or indirect result of the September 11, 2001 disruption." MORE >> |
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