The document discusses the implications of the 2017 Fiduciary Rule by the U.S. Department of Labor on investments by ERISA Plans and Individual Plans in the Access Fund. It outlines the responsibilities and potential prohibited transactions under ERISA and the Code, and the conditions under which the Seller's Exclusion applies. The document also addresses the treatment of Access Fund's assets as 'plan assets' and the 25% ownership rule for benefit plan investors.
doj/DataSet10/EFTA01392027.pdf
{"key_people":["Glenn Warren"],"document_date":"2017-06-09","document_type":"legal","document_subtype":"investment advisory","key_organizations":["U.S. Department of Labor","ERISA Plan","Access Fund","General Partner","Investment Manager"],"reference_numbers":["DB-SDNY-0097171","SDNY_GM_00243355","EFTA01392027"]}