EBSAFinal Rule
Removal of Definition of `Plan Assets'—Insurance Company General Accounts; Withdrawal
Finance & BankingLabor & Workplace
Ad Space (leaderboard)
Summary
The federal government is withdrawing a previous rule that defined how insurance company general accounts should be treated as retirement plan assets. This change affects how retirement plans invested in insurance products are regulated and what protections apply to workers' retirement savings.
Key Points
- 1The government is removing a definition that clarified when insurance company general accounts count as 'plan assets' under federal retirement law
- 2This affects retirement plans that invest in insurance products, potentially changing oversight and accountability rules for those investments
- 3Workers with retirement savings in insurance-based plans may see different levels of protection and transparency
- 4The change means insurance companies and retirement plan managers will need to follow different rules about how these accounts are treated
- 5This withdrawal suggests the government is reconsidering how to regulate the intersection between insurance products and retirement savings
Key Dates
Published
August 12, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
The Digest Network
Ad Space (rectangle)
Related Regulations
OCCFinance & Banking
Bank Appeals Process
IRSFinance & Banking
Updating Regulation References to Reflect Reorganizations at the Department of Justice and the Internal Revenue Service
FTCFinance & Banking