Featured Jobs
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Retirement Relationship Manager MAP Retirement
|
|
Pattison Pension
|
|
Regional Vice President, Sales MAP Retirement
|
|
Sentinel Group
|
|
MAP Retirement
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Pension Investors Corporation
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
3(16) Retirement Plan & Customer Liaison Compass
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Effect on Private Funds of Recent DOL Amendments to ERISA's QPAM Exemption (PDF)
Weil Gotshal & Manges LLP 
[Guidance Overview] Apr. 30, 2024 "Although certain private funds may be structured to avoid holding 'plan assets,' ... those funds may have agreed in a contract ... to utilize the QPAM Exemption in certain circumstances.... Prior to the effective date [these funds should:] [1] Review all fund documentation including side letters and ISDAs/derivative contracts....[2] Consider DOL notification requirements in light of the September 15, 2024 notification deadline ... [3] Does the fund have sufficient assets under management and capitalization to qualify under the QPAM Exemption in light of the Amendments' requirements? [4] Consider recordkeeping requirements.... [5] Has the fund or any affiliate committed prohibited misconduct under the expanded requirements?" |
| 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). |