Featured Jobs
|
Compass
|
|
Daybright Financial
|
|
Stones River Consulting
|
|
Daybright Financial
|
|
Relationship Manager – Defined Contributions Daybright Financial
|
|
Director, Strategic Accounts and Channel Development July Business Services
|
|
Independent Retirement
|
|
Regional Sales Director-Heartland July Business Services
|
|
Regional Sales Director-Mid Atlantic July Business Services
|
|
The Pension Source
|
|
Internal Channel Sales Team Lead July Business Services
|
|
Attorney - ERISA, Benefits, & PRT Securian Financial Group
|
|
EPIC RPS
|
|
Mergers & Acquisition Specialist Compass
|
|
Senior Client Service Specialist EPIC RPS
|
|
Pentegra
|
|
Automotive Industries Trust Funds
|
|
Independent Retirement
|
|
Experienced Employee Benefits Attorney Shipman & Goodwin LLP
|
|
Nova 401(k) Associates
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Text of Amendment to PTE 80-26 Permitting Interest-Free Loans from Sponsor to a Benefit Plan
U.S. Department of Labor [DOL] 
[Official Guidance] Apr. 7, 2006
Excerpt: [T]he final amendment to PTE 80-26 adopted by this notice adds a condition to availability of the exemption that requires any loan with a duration of more than sixty days to be made pursuant to a written loan agreement that contains all of the material terms applicable to such loan.... On December 15, 2004, the Department proposed to remove the three- day duration limit that applied to loans engaged in under PTE 80-26 for a purpose incidental to the ordinary operation of a plan.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |