Bibek Pandey

Bibek Pandey

Goodwin

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The Department of Labor Finalizes Changes to the QPAM Exemption - A Favored Management Tool Gets Less User-Friendly

On April 3, 2024, the Department of Labor (DOL) published final changes to Prohibited Transaction Class Exemption 84-14, commonly known as the “QPAM Exemption”. The changes make reliance on the QPAM Exemption more burdensome...more

4/9/2024  /  Banking Sector , Benefit Plan Sponsors , Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Exemptions , Individual Retirement Account (IRA) , Insurance Industry , Lenders , Prohibited Transactions , QPAM

U.S. Department of Labor Issues Proposed Amendment to QPAM Exemption

On July 26, 2022, the U.S. Department of Labor (the “Department”) issued a proposal to amend prohibited transaction class exemption 84-14 (the “QPAM Exemption”) under ERISA. The QPAM Exemption currently allows a plan’s...more

8/2/2022  /  Comment Period , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Exemptions , Investment Management , Proposed Amendments , Public Comment , QPAM
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