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DOL/EBSA

RIN: 1210-AA70

Publication ID: Spring 1999

Title: Payroll Deduction Programs for Contributions to Individual Retirement Accounts (Interpretive Bulletin)
Abstract: This interpretive bulletin will compile for ease of reference the views of the Department of Labor (the Department) concerning the circumstances under which the use of a payroll deduction program for forwarding employee monies to an individual retirement account annuity will not constitute an employee pension benefit plan subject to title I of the Employee Retirement Security Act of 1974 (ERISA). This guidance is intended to assist employers in their efforts to provide retirement savings opportunities to employees by clarifying the circumstances under which the use of payroll deduction programs will not implicate provisions of parts 1 (Reporting and Disclosure), 4 (Fiduciary Responsibility) and 5 (Administration and Enforcement) of title I of ERISA.
Agency: Department of Labor(DOL)	Priority: Info./Admin./Other
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 29 CFR 2509
Legal Authority: 29 USC 1002 (2) 29 USC 1135

Timetable:

Action	Date	FR Cite
Final Action	05/00/1999

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Included in the Regulatory Plan: No
Agency Contact: Susan G. Lahne Senior Pension Law Specialist Department of Labor Employee Benefits Security Administration Room N5669, 200 Constitution Avenue NW., FP Building, Washington, DC 20210 Phone:202 693-8500 Fax:202 219-7291