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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
E8-3596 Amendment of Regulation Relating to Definition of “Plan Assets”-Participant Contributions Proposed Rule This document would, upon adoption, establish a safe harbor period of 7 business days during which amounts that an employer has received from employees or withheld from wages for contribution to employee benefit plans with fewer than 100 participants would not constitute "plan assets" for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the related prohibited transaction provisions of the Internal Revenue Code. This amendment would provide greater certainty concerning when participant contributions held by an employer do not constitute "plan assets." The proposed rule, if adopted, would affect the sponsors and fiduciaries of contributory group welfare and pension plans covered by ERISA, including 401(k) plans, as well as the participants and beneficiaries covered by such plans and recordkeepers, and other service providers to such plans. 2008-02-29 2008 2 https://www.federalregister.gov/documents/2008/02/29/E8-3596/amendment-of-regulation-relating-to-definition-of-plan-assets-participant-contributions https://www.govinfo.gov/content/pkg/FR-2008-02-29/pdf/E8-3596.pdf Labor Department; Employee Benefits Security Administration 271,131 This document would, upon adoption, establish a safe harbor period of 7 business days during which amounts that an employer has received from employees or withheld from wages for contribution to employee benefit plans with fewer than 100 participants...  

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