Rule lifecycle · DOCKET:Application No. D-12022
Prohibited Transaction Class Exemption 84-14 for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption); Correction
Department of Labor, Employee Benefits Security Administration — observed across 5 documents over 706 days. Use the source documents below before deciding whether this affects your business.
In plain English
The Labor Department clarifies which investment decisions professional money managers can make for retirement plans without violating federal pension law. If your company sponsors a 401(k) or pension plan, confirm with your investment manager that they understand this exemption and how it applies to your plan.
First seen
Sep 7, 2022
Last seen
Aug 13, 2024
Latest stage
Rule
PRORULE → RULE
697d
Effective on
Monday, June 17, 2024
Stage timeline
Notice·Sep 7, 2022
Comment Period Extension and Hearing Notice for Proposed Amendment to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption)
#2022-19317
Proposed·Sep 16, 2022
Initial Regulatory Flexibility Analysis for Proposed Amendment to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption)
#2022-20099
Notice·Dec 16, 2022
Posting of Hearing Transcript Regarding Proposed Amendment to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption) and Closing of Reopened Comment Period
#2022-27334
Proposed·Mar 23, 2023
Reopening Comment Period for the Proposed Amendment to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption)
#2023-05522
Final·Aug 13, 2024
Prohibited Transaction Class Exemption 84-14 for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption); Correction
effective Jun 17, 2024#2024-17586