Director, Office of Regulations and Interpretations

1210-AC34 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1210 Employee Benefits Security Administration EBSA 1200 Department of Labor DOL Removal of 2550.401c-1, Definition of "plan assets"-insurance company general accounts

This direct final rule removes 29 CFR 2550.401c-1 from the Code of Federal Regulations, which the Department of Labor believes is obsolete. The regulation applies only to certain insurance policies or contracts issued to (or on behalf of) employee benefit plans on or before December 31, 1998. Given the unlikelihood that any of these policies or contracts remain in effect, the DOL believes the regulation is no longer needed and, if left on the books, could add confusion and unnecessary complexity. Removing obsolete regulations eliminates the burden on the public of having to determine whether they need to comply with the regulations. This action is being taken pursuant to Executive Order 14192, titled Unleashing Prosperity Through Deregulation

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage No No Deregulatory 29 CFR 2550.401c–1 ERISA section 404 (29 USC 1104) No Direct Final Rule 07/01/2025 90 FR 28009 Comment Period End 07/31/2025 Direct Final Rule Effective 09/02/2025 No None No No No Jeffrey Turner J. Director, Office of Regulations and Interpretations 1210 Employee Benefits Security Administration EBSA 202 693-8500 turner.jeffery@dol.gov N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington DC 20210