EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: EXEMPTION INVOLVING THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION 627 TRAINING FUND OF OKLAHOMA (THE PLAN OR THE APPLICANT) LOCATED IN OKLAHOMA CITY, OK

WASHINGTON, Feb. 26 -- Employee Benefits Security Administration has issued a notice called: Exemption Involving the International Union of Operating Engineers Local Union 627 Training Fund of Oklahoma (the Plan or the Applicant) Located in Oklahoma City, OK.

The notice was published in the Federal Register on Feb. 26 by Christopher Motta, Acting Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor.

Summary: This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code). This exemption permits certain loans (the Loans) by t...