PTE 96-23, a class exemption under the Employee Retirement Income Security Act, also imposes conditions to protect plans and their assets. The exemption allows in-house managers of large employee benefit plans to engage in a wide range of transactions with related parties.
The final amendment to PTE 96-23 includes four parts:
–The general exemption that allows the portion of a plan that is managed by an INHAM to engage in transactions with virtually all party in interest service providers except the INHAM or a person related to the INHAM.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dig Deeper
Trending Stories
Events
- InsuranceBenefitsPRO Broker Expo 2025 (BPRO)May 06, 2025 - BostonThe premier educational and networking event for employee benefits brokers and agents.More Information
- InsuranceComplex Claims & Litigation Forum 2025February 24, 2025 - Las VegasThis conference aims to help insurers and litigators better manage complex claims and litigation.More Information
- GlobeSt. Multifamily Spring 2025 April 01, 2025 - New YorkJoin the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!More Information
