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DOL/EBSA RIN: 1210-AC34 Publication ID: Spring 2025 
Title: ●Removal of 2550.401c-1, Definition of "plan assets"-insurance company general accounts 
Abstract:

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final rule removes 29 CFR 2550.401c-1 from the Code of Federal Regulations, which the Department of Labor believes is obsolete.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

 
Agency: Department of Labor(DOL)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Deregulatory 
CFR Citation: 29 CFR 2550.401c–1   
Legal Authority: ERISA section 404 (29 USC 1104)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Direct Final Rule  07/01/2025  90 FR 28009   
Comment Period End  07/31/2025 
Direct Final Rule Effective  09/02/2025 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500
Email: turner.jeffery@dol.gov