Data / Federal rules / 2024-00586
Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications
The Employee Benefits Security Administration published this final rule in the Federal Register on January 24, 2024. It took effect on April 8, 2024.
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What the agency says
The Department of Labor (the Department) is adopting amendments to its existing procedure governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code of 1986 (the Code), and the Federal Employees' Retirement System Act of 1986 (FERSA) (the Amendments). The Secretary of Labor (the Secretary) is authorized to grant exemptions from the prohibited transaction provisions of ERISA, the Code, and FERSA and to establish an exemption procedure to provide for such relief. The Amendments update and supersede the Department's existing prohibited transaction exemption procedures.
Key facts
- Document number
- 2024-00586
- Type
- Final rule
- Action
- Final rule
- Agency
- Labor Department; Employee Benefits Security Administration
- Published
- January 24, 2024
- Takes effect
- April 8, 2024
- Dates
- The amendments in this rule are effective April 8, 2024.
- Regulation ID (RIN)
- 1210-AC05
- Code of Federal Regulations
- 29 CFR 2570
- Topics
- Administrative practice and procedure; Employee benefit plans; Fiduciaries; Pensions; Trusts and trustees
- Significant
- Yes, under Executive Order 12866
- Pages
- 43
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|---|---|---|
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| Federal Independent Dispute Resolution Operations; Correction 2026-17622 · significant | Final rule | Aug 28 |
| Electronic Disclosure by Group Health Plans Under ERISA 2026-14917 · significant | Proposed rule | Jul 23 |
| Federal Independent Dispute Resolution Operations 2026-11140 · significant | Final rule | Jun 4 |
| Excepted Fertility Benefits 2026-09479 | Proposed rule | May 13 |
| Fiduciary Duties in Selecting Designated Investment Alternatives 2026-06178 | Proposed rule | Mar 31 |
| Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur 2026-05492 · significant | Final rule | Mar 20 |
| Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure; Extension of Comment Period 2026-04084 · significant | Proposed rule | Mar 2 |
Everything from the Employee Benefits Security Administration · Rules on administrative practice and procedure · Rules on employee benefit plans · Rules on fiduciaries · Published in January 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.