[Official Guidance]

3/2/2004: 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])

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 ...