Exemption for Liberty Latin America 401(k) Plan
Summary
The Department of Labor's Employee Benefits Security Administration (EBSA) has issued a notice regarding an exemption for the Liberty Latin America 401(k) Plan. This exemption pertains to certain transactions related to the plan.
What changed
This document is a notice from the Department of Labor's Employee Benefits Security Administration (EBSA) concerning an exemption granted to the Liberty Latin America 401(k) Plan. The exemption allows for specific transactions related to the plan that might otherwise be prohibited under ERISA. The notice does not detail the specific transactions but serves as an official record of the exemption.
For compliance officers, this notice indicates that the Liberty Latin America 401(k) Plan is operating under an exemption from certain ERISA prohibitions. While no immediate action is required for entities not involved with this specific plan, it serves as an example of EBSA's ongoing review and granting of exemptions for employee benefit plans. It is important to ensure that any plans managed by your organization are compliant with applicable ERISA regulations or have secured necessary exemptions.
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