DOL Publishes Final QPAM Exemption Amendment
On April 3, 2024, the U.S. Department of Labor (DOL) published a final amendment to Prohibited Transaction Class Exemption 84-14. The amendment will become effective June 17, 2024. Registered investment advisers that manage accounts that are considered âplan assetsâ under the Employee Retirement Income Security Act of 1974 (ERISA) and …