12 Aug 2025
📋Withdrawal of Plan Assets Definition Rule by Labor Department
Removal of Definition of “Plan Assets”-Insurance Company General Accounts; Withdrawal
Summary
Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28009.
Agencies
- Labor Department
- Employee Benefits Security Administration
Business Impact
$$ - Med
The withdrawal of the direct final rule (DFR) regarding the definition of "Plan Assets" could impact businesses dealing with employee benefits and pension plans by altering compliance expectations. The significant adverse comments received imply regulatory uncertainty that could affect financial planning and operational approaches for companies involved in employee benefits management.