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DOL/EBSA

RIN: 1210-AA53

Publication ID: Spring 1996

Title: ●Regulations Relating to Definition of Plan Assets: Participant Contributions
Abstract: This regulation will revise the definition of when participant monies paid to or withheld by an employer for contribution to an employee benefit plan, including a plan complying with section 401(k) of the Internal Revenue Code, constitute "plan assets" for purposes of Title I of ERISA. In addition to making clear that participant contributions become plan assets as soon as they can reasonably be segregated from the employer's general assets, the regulation will shorten the 90-day maximum period permitted under the current regulation for segregation of participant contributions from the employers' general assets.
Agency: Department of Labor(DOL)	Priority: Other Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
CFR Citation: 29 CFR 2510.3-102
Legal Authority: 29 USC 1135

Timetable:

Action	Date	FR Cite
NPRM	12/20/1995	60 FR 66036
Public Hearing Scheduled 2/22/96	01/24/1996	61 FR 1879
NPRM Comment Period End	02/05/1996
Final Action	05/00/1996

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: None
Included in the Regulatory Plan: No
Agency Contact: Melissa R. Dennis Pension Law Specialist Department of Labor Employee Benefits Security Administration Room N5669, 200 Constitution Avenue NW., FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500 Fax:202 219-7291