Featured Jobs
|
Client Relationship Manager (401k) Prime Benefits
|
|
Product Counsel, ERISA & Operations Human Interest
|
|
Retirement Plan Documents Specialist Loren D. Stark Company
|
|
MAP Retirement
|
|
BPAS
|
|
Senior Retirement Plan Administrator PlanPerfect, Inc.
|
|
Daybright Financial
|
|
July Business Services (JULY)
|
|
Loren D. Stark Company
|
Free Publications
|
|
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). |