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American Benefits Council Comment Letter to EBSA on Proposed Procedures for Prohibited Transaction Exemption Application
American Benefits Council Link to more items from this source
[Opinion]
June 3, 2022

"The proposal would ... [discourage] retirement plan sponsors and service providers from requesting exemptions and approaching DOL with questions about the prohibited transaction rules. The proposal would also unnecessarily narrow the universe of parties and transactions that are eligible for an exemption.... [T]he proposal would ... express DOL's views on broader fiduciary and prohibited transaction issues that are unrelated to the filing of an exemption application and which should be the subject of a separate rulemaking."

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