Rule lifecycle · DOCKET:Application No. D-11799
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
Department of Labor, Employee Benefits Security Administration — observed across 2 documents over 786 days. Use the source documents below before deciding whether this affects your business.
In plain English
The Department of Labor lets companies fix mistakes in managing employee retirement plans through a special government program that allows some normally-forbidden financial moves when fixing those errors. If you run a 401(k) or pension plan, ask your advisor if you can use this program to correct past mistakes without getting penalized.
First seen
Nov 21, 2022
Last seen
Jan 15, 2025
Latest stage
Rule
PRORULE → RULE
786d
Stage timeline
Proposed·Nov 21, 2022
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
#2022-24702
Final·Jan 15, 2025
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
#2025-00328