The document discusses the implications of the U.S. Employee Retirement Income Security Act of 1974 (ERISA) on employee benefit plans and fiduciaries. It outlines the requirements for investment prudence and diversification, and the prohibition of certain transactions involving ERISA Plan assets. The document also mentions potential penalties for engaging in prohibited transactions and lists exemptions that may apply. It advises fiduciaries of governmental, non-U.S., and certain church plans to consult legal counsel before purchasing securities.
documents/EFTA01365603.pdf
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