The document discusses the implications of the 2017 Fiduciary Rule by the U.S. Department of Labor on investments in the Access Fund by ERISA Plans and Individual Plans. It outlines the responsibilities and potential prohibited transactions under ERISA and the Code, and the conditions under which the General Partner and Sponsor may be considered fiduciaries. The document also explains the 25% ownership rule for benefit plan investors to avoid the Access Fund's assets being treated as plan assets.
doj/DataSet10/EFTA01389737.pdf
{"document_date":"2017-06-09","document_type":"financial","document_subtype":"investment document","key_organizations":["U.S. Department of Labor","ERISA","Access Fund","General Partner","Investment Manager"],"reference_numbers":["DB-SDNY-0094101","SDNY_GM_00240285","EFTA01389737"]}