28 Mar 2025
📊DOL Seeks Comments on Prohibited Transaction Class Exemption
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Bank Collective Investment Funds, Prohibited Transaction Class Exemption 1991-38
Summary
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Agencies
- Labor Department
Business Impact
$$ - Med
This document outlines a request for public comments on an information collection regarding a Prohibited Transaction Class Exemption which is significant for businesses involved with employee benefit plans. The compliance with ERISA and related tax implications affects financial operations for banks and companies managing collective investment funds.