The document discusses the implications of investing in the Access Fund for ERISA Plans and Individual Plans, focusing on fiduciary responsibilities and potential prohibited transactions under ERISA and the Code. It highlights the 2017 Fiduciary Rule and its impact on fiduciary relationships, particularly the Seller's Exclusion for sophisticated plans. The document also addresses the conditions under which the Access Fund's assets might be considered 'plan assets' and the significance of the 25% ownership rule by benefit plan investors.
doj/DataSet10/EFTA01391386.pdf
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