Department of Labor Pension and Welfare Benefits Administration Advisory Opinion 95-04A

This document is about a Department of Labor advisory opinion providing guidance on the application of the Department's "plan assets" regulation under ERISA Section 401(b) to Small Business Investment Companies (SBICs). The opinion addresses issues around the initial capitalization of an SBIC, an SBIC's exercise of management rights, and the establishment of an SBIC as a wholly-owned subsidiary of a venture capital operating company.