Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Bates & Company, Inc.
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Text of Notice of Proposed Amendment to PTE 80-26 For Certain Interest-Free Loans to Employee Benefit Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] [Official Guidance] May 23, 2013 "PTE 80-26 is a class exemption that permits parties in interest with respect to employee benefit plans to make certain interest free loans and extensions of credit to such plans, provided the conditions of the exemption are met. The proposed amendment, if adopted, would give retroactive and temporary exemptive relief for certain guarantees of the payment of debits to plan investment accounts (including IRAs) by parties in interest to such plans as well as certain loans and loan repayments made pursuant to such guarantees.... The proposed amendment was requested by the Securities Industry and Financial Markets Association (SIFMA)[.]" |
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