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Text of Proposed Prohibited Transaction Class Exemption for Certain Choices of Rollover IRA (PDF)
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Mar. 2, 2004
7 pages. Excerpt: The proposed exemption permits a fiduciary of a pension plan that is also the employer maintaining the plan to establish, on behalf of its separated employees, an individual retirement plan at a financial institution that is the employer or an affiliate, in connection with an automatic rollover of a mandatory distribution described in section 401(a)(31)(B) of the Code.... Relief [also] would permit a plan fiduciary to select a proprietary product as the initial investment ...

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