Definition of Plan Assets—Insurance Company General Accounts

Key Points

• 1Defines which insurance company accounts count as 'plan assets' under federal retirement plan rules, affecting how they're protected and regulated
• 2Applies to employee benefit plans like pensions and 401(k)s that invest money through insurance company general accounts
• 3Changes how the Department of Labor oversees these investments to better protect workers' retirement savings
• 4Insurance companies and plan administrators need to understand new rules about which accounts are covered by federal protections
• 5Public comment period ends August 1, 2025, allowing workers, employers, and insurers to provide feedback before the rule takes effect

Key Dates