22 Aug 2025
🏢Proposed Exemption for Sale by Mid-America Carpenters Fund
Proposed Exemption for Certain Prohibited Transactions Involving Mid-America Carpenters Regional Council Apprentice and Training Fund (the Fund) Located in St. Louis, Missouri
Summary
This proposed exemption would permit the sale by the Fund of real property to the Mid-America Carpenters Regional Council (the Sale). Without this exemption, the Sale would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA).
Agencies
- Labor Department
- Employee Benefits Security Administration
Business Impact
$$$ - High
The content discusses a proposed exemption from ERISA regulations allowing the sale of real property by a training fund to a labor council, enabling the fund to increase its financial resources and fulfill obligations. This has potential financial implications for business owners and executives involved in labor relations and real estate transactions.