DOL Issues Final Abandoned Plan Regulations

April 26, 2006 – The Department of Labor’s Employee Benefits Security Administration (EBSA) has published final regulations governing actions to be taken for the disposition of assets of abandoned retirement plans. In addition to the final regulations, EBSA has released an accompanying prohibited transaction exemption (PTE), necessary to allow entities to take certain actions relative to these assets. Following is access to a DOL news release regarding the regulations, the final regulations, and the PTE.