Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications

This document is about a proposed rule from the U.S. Department of Labor to update, clarify, and supersede the Department's existing regulation governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code, and the Federal Employees' Retirement System Act. The Department is extending the comment period for this proposed rule by an additional 45 days, from the original 30-day period, in response to requests from interested parties for more time to develop and submit their comments.