[Official Guidance]

3/2/2006: Text of DOL Advisory Opinion 2006-02A on Acceptable Use of MEWA Assets Remaining in Terminated Plan Trust (Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL])

Excerpt: [DOL was asked w]hether the transfer of residual assets from a terminated MEWA that is also a plan to a VEBA that provides health and life insurance benefits to the employees of the entity that sponsored both the MEWA and the VEBA constitutes an improper inurement of plan assets for the benefit of an employer in violation of section 403, or a prohibited transaction under section 406.