The Department of Labor just published its Request for Information (RFI) on PEPs, or Prohibited Transactions involving Pooled Employer Plans (PEPs) under the SECURE Act as well as other multiple employer plans.
Per a press release, the RFI is a prospect for individuals to offer information and data used to determine if the Department’s Employee Benefit Security Administration (EBSA) should propose a novel prohibited review at the Office of Management and Budget (OMB) early last month. The RFI asks for information on the potential business models, parties and conflicts of interest respondents predict will be included in the formation and ongoing operation of PEPs. It also requests information on corresponding issues involving multiple employee plans sponsored by employer associations or groups or professional employer organizations.
Click here to read the questions posed in the RFI.
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