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USA-1992-R-31274
Breadcrumb
Title_of_text
Final Regulation Regarding Participant Directed Individual Account Plans Rule (ERISA Section 404(c) Plans) (29 CFR Part 2550)
Main Region
First Region
Country(ies)
United States of America
Subjects (Classification)
Social security (general standards); Old-age, invalidity and survivors benefit
Adopted on (Date of text)
1992-10-02
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
Contains a final regulation under section 404(c) of the Employee Retirement Income Security Act of 1974 (ERISA). That section provides that, where a participant or beneficiary of an employee pension benefit plan exercises control over assets in an individual account maintained for him under the plan, the participant or beneficiary is not considered a fiduciary by reason of his exercise of control and other plan fiduciaries are relieved of liability under part 4 of title I of ERISA for the results of the participant's or beneficiary's exercise of control. The regulation describes the circumstances in which section 404(c) applies to a transaction involving a participant's or beneficiary's exercise of control over his individual account.
Entry dates region
Date of entry into force
1992-10-13
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Basic Text region
Basic text(s)
1974-09-02 (USA-1974-L-15317)
Employee Retirement Income Security Act of 1974, Public Law 93-406 [H.R. 2] (29 U.S.C., Chapter 18).
Basic text(s)
1974-09-02 (USA-1974-L-15317)
Employee Retirement Income Security Act of 1974, Public Law 93-406 [H.R. 2] (29 U.S.C., Chapter 18).
Amended Text region
Amended text(s)
1970 (USA-1970-R-96859)
Employee Benefits Security Administration, Department of Labor Regulations (29 CFR, Subtitle B, Chapter XXV, § 2500-2599).
Serial region
Serial title
Federal Register
Date
1992-10-13
Volume
Vol. 57
Number
No. 198
Page range
pp. 46906-46937
ISBN
0097-6326