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USA-1992-R-31274
Breadcrumb
Title_of_text
Final Regulation Regarding Participant Directed Individual Account Plans Rule (ERISA Section 404(c) Plans) (29 CFR Part 2550)
Main Region
First Region
Country(ies)
United States of America
Subjects (Classification)
Old-age, invalidity and survivors benefit
Adopted on (Date of text)
1992-10-02
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
Contains a final regulation under section 404(c) of the Employee Retirement Income Security Act of 1974 (ERISA). That section provides that, where a participant or beneficiary of an employee pension benefit plan exercises control over assets in an individual account maintained for him under the plan, the participant or beneficiary is not considered a fiduciary by reason of his exercise of control and other plan fiduciaries are relieved of liability under part 4 of title I of ERISA for the results of the participant's or beneficiary's exercise of control. The regulation describes the circumstances in which section 404(c) applies to a transaction involving a participant's or beneficiary's exercise of control over his individual account.
Entry dates region
Date of entry into force
1992-10-13
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Basic Text region
Basic text(s)
1974-09-02 (USA-1974-L-15317)
Employee Retirement Income Security Act of 1974, Public Law 93-406 [H.R. 2] (29 U.S.C., Chapter 18).
Basic text(s)
1974-09-02 (USA-1974-L-15317)
Employee Retirement Income Security Act of 1974, Public Law 93-406 [H.R. 2] (29 U.S.C., Chapter 18).
Amended Text region
Amended text(s)
1970 (USA-1970-R-96859)
Employee Benefits Security Administration, Department of Labor Regulations (29 CFR, Subtitle B, Chapter XXV, § 2500-2599).
Serial region
Serial title
Federal Register
Date
1992-10-13
Volume
Vol. 57
Number
No. 198
Page range
pp. 46906-46937
ISBN
0097-6326