Regulatory Compliance, Financial Planning
6 Jan 2025
lease exemption, construction industry, erisa, san diego, department of labor, apprenticeship training
🏗️ERISA Exemption for Training Fund Lease in San Diego
This document gives notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974, as amended (ERISA or the Act). The exemption permits the Associated General Contractors of America, San Diego Chapter, Inc. (the Chapter) to lease certain improved real property (the Property) located in San Diego, California to the Associated General Contractors of America, San Diego Chapter, Inc. Apprenticeship and Training Fund (the Plan or the Applicant).
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