Pension & Benefits News EBSA seeking comments on QDIA and loan regs, and PTEs 1985-68 and 1992-6
News
Thursday, December 5, 2019

EBSA seeking comments on QDIA and loan regs, and PTEs 1985-68 and 1992-6

By Pension and Benefits Editorial Staff

The Employee Benefits Security Administration (EBSA) is seeking comments on the proposed extension of information collection requests contained in the following:

  • Prohibited Transaction Class Exemption 1992-6, concerning the sale of individual life insurance or annuity contracts by a plan. The current approval is scheduled to expire on May 31, 2020.
  • Regulations relating to loans to plan participants and beneficiaries who are parties in interest with respect to the plan. The current approval is scheduled to expire on May 31, 2020.
  • Prohibited Transaction Class Exemption 1985-68, which permits plans to invest in customer notes of employees. The current approval is scheduled to expire on May 31, 2020.
  • Regulations providing guidance on qualified default investment alternatives (QDIAs) under participant-directed individual account plans. The current approval is scheduled to expire on June 30, 2020.

Written comments, which should be received on or before December 9, 2019, should be submitted to G. Christopher Cosby, Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue NW., Room N-5718, Washington, DC 20210, [email protected], telephone (202) 693-8410; or FAX (202) 219-4745 (these are not toll-free numbers).

Source: 84 FR 54642.

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More