Proposed Employee Benefit Plans Regulations

This document is about proposed regulations from the Department of Labor and Internal Revenue Service regarding exemptions for certain prohibited transactions involving multiemployer employee benefit plans. It outlines the specific conditions under which delays or extensions in employer contributions to multiemployer plans, as well as loans and leasing of office space by multiemployer plans, would be exempt from the restrictions of ERISA Sections 406 and 407 and the Internal Revenue Code Section 4975. The goal is to provide clarity and eliminate uncertainty around common practices by multiemployer plans that may otherwise be considered prohibited transactions.