Regulatory Compliance, Financial Transactions
13 Jan 2025
financial regulations, real estate, employee benefits, ubc, pension funds, labor organizations
💼Exemption for UBC Property Sale
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) and the Internal Revenue Code of 1986 (the Code). This exemption permits the Trustees of the United Brotherhood of Carpenters Pension Fund (the Plan) to sell 19.25 acres of improved real property (the Property) on behalf of the Plan to the UBC for cash (the Sale).
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