Pension & Benefits News DOL seeks comments on information collection concerning PTE 1984-14
Tuesday, January 21, 2020

DOL seeks comments on information collection concerning PTE 1984-14

By Pension and Benefits Editorial Staff

The Department of Labor is submitting the Employee Benefits Security Administration (EBSA) sponsored information collection request concerning Prohibited Transaction Class Exemption (PTE) 1984-14 to the Office of Management and Budget for review and approval for continued use, without change. This collection provides an exemption that, among other things, permits various parties that are related to employee benefit plans to engage in transactions involving plan assets if, among other conditions, the assets are managed by ‘‘qualified professional asset managers’’ (QPAMs) that are independent of the parties in interest and which meet specified financial standards. The DOL seeks an extension for three more years. Public comments are invited.

Comments should be submitted by January 29, 2020, and should be sent to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 20503, fax: 202-395-5806 (this is not a toll-free number), or e-mail: [email protected].

Source 84 FR 71979.

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