EBSA Unified Agenda - [Final Rule Stage]

Title: Amendment of Regulation Relating to Definition of Plan Assets--Participant Contributions 

Abstract: This rulemaking will amend the regulation that defines when participant moneys paid to or withheld by an employer for contribution to an employee benefit plan constitute "plan assets" for purposes of title I of ERISA and the related prohibited transaction provisions of the Internal Revenue Code. The regulation contains an amendment to the current regulation that will establish a safe harbor period of a specified number of business days during which certain moneys that a participant pays to, or has withheld by, an employer for contribution to a plan would not constitute "plan assets." 

Agency: Department of Labor(DOL) 

Priority: Other Significant 

RIN Status: Previously published in the Unified Agenda 

Agenda Stage of Rulemaking: Final Rule Stage 

Major: No 

Unfunded Mandates: No 

CFR Citation: 29 CFR 2510.3-102 

Legal Authority: 29 USC 1135 

Legal Deadline:  None

Timetable:

Action	Date	FR Cite
NPRM	02/29/2008	73 FR 11072
NPRM Comment Period End	04/29/2008
Final Action	11/00/2008

Regulatory Flexibility Analysis Required: Yes 

Government Levels Affected: None 

Small Entities Affected: Businesses 

Federalism: No 

Included in the Regulatory Plan: No 

RIN Data Printed in the FR: Yes 

Agency Contact:
Louis J. Campagna
Chief, Division of Fiduciary Interpretations, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
200 Constitution Avenue NW., Room N5669, FP Building,
Washington, DC 20210
Phone:202 693-8510
Fax:202 219-7291