Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

Education Consultant

Pentegra
(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



PTE 79-60 -- Commission for an Insurance Agent/Broker Who Is the Employer
BenefitsLink Message BoardsLink to more items from this source
May 24, 2021

"I've been doing some research to see if there is an update to prohibited transaction exemption PTE 79-60. I have a broker who wants to start a defined benefit plan and include insurance in the plan where he is the broker. I've always known about the 5% rule, i.e., his commission from this transaction cannot exceed 5% of the total insurance commissions income received for the year. I found nothing to the contrary, i.e., no changes. Please let me know your thoughts/comments, if any. (PS insurance in pension plans should be illegal!)"

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.