FR: Pension and Welfare Benefits Administration

Prohibited Transaction Exemptions Granted for Swedish Health Services Pension Plan, Credit Suisse, Bank of America

The Department of Labor's Pension and Welfare Benefits Administration has granted individual prohibited transaction exemptions. These exemptions involve the Swedish Health Services Pension Plan, Credit Suisse, and Bank of America, addressing specific transactions that would otherwise violate ERISA's prohibited transaction rules.

Civil Penalties Under ERISA Sections 502(c)(7), (c)(2), (c)(5), and (c)(6)

The Department of Labor's Pension and Welfare Benefits Administration issued a final rule amending civil penalty provisions under ERISA sections 502(c)(7), (c)(2), (c)(5), and (c)(6). This rule establishes or modifies penalties related to violations of ERISA requirements.

Final Rule: Notice of Blackout Periods for Pension Plan Participants

The Department of Labor's Pension and Welfare Benefits Administration issued a final rule requiring retirement plan administrators to provide advance notice to participants and beneficiaries before imposing blackout periods. This rule aims to enhance transparency and protect plan participants during periods when they cannot access their accounts.

Proposed Extension of Information Collection Request for Public Comment

The Department of Labor's Pension and Welfare Benefits Administration has proposed extending an existing information collection request related to Prohibited Transaction Class Exemption 2002-12. This notice is submitted for public comment.

Proposed Exemptions for John Hancock Life Insurance Company

The Department of Labor's Pension and Welfare Benefits Administration has issued a notice regarding proposed exemptions for John Hancock Life Insurance Company. This notice pertains to various application numbers and was published in the Federal Register on January 22, 2003.