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Email This summer has proven to be one of significant activity at the U.S. Department of Labor (the “DOL”) with respect to the refinement of two significant exemptions to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”): the “QPAM Exemption” and disclosures in concluding reasonableness in deciding whether the statutory exemption contained in Section 408(b)(2) of ERISA is available with respect to services provided by a party in interest to a plan. https://www.cadwalader.com/resources/clients-friends-memos/recent-developments-concerning-erisa-at-the-department-of-labor