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Rep. Neal and ARA/ASPPA Share Opposing Views on Fundamental Issues Underlying the DOL's Pooled Employer Plan 'Request for Information'
Business of Benefits Link to more items from this source
July 2, 2020

"DOL has issued a Request for Information on June 18 to gather information on what further, if any, PTE relief will be needed to make the PEP work.... There are two noteworthy developments related to these efforts. The first is the ARA/ASPPA letter to EBSA requesting PTE relief for PEP operatives. The second, and perhaps more striking development, is the letter Congressman Neal wrote to the EBSA opposing the loosening of the prohibited transaction rules for PEPs.... [H]ow this is resolved will ultimately determine who can offer a PEP and who cannot."

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