MLchartDataset catalogue

Prohibited transaction exemption (PTE)

Term · Insurance and risk management · MLC-T-INS-002715

A specific administrative exemption granted by the Department of Labor from certain transactions that would otherwise be forbidden under the Employee Retirement Income Security Act (ERISA). These exemptions allow fiduciaries of employee benefit plans to engage in transactions with parties in interest that are typically prohibited, provided certain conditions are met. Each exemption is issued after a thorough review to protect the interests of plan participants and beneficiaries.

Table 1. Record
IdentifierMLC-T-INS-002715
FieldInsurance and risk management
AbbreviationPTE
Record as JSON 
{
  "id": "MLC-T-INS-002715",
  "term": "Prohibited transaction exemption (PTE)",
  "field": "Insurance and risk management",
  "definition": "A specific administrative exemption granted by the Department of Labor from certain transactions that would otherwise be forbidden under the Employee Retirement Income Security Act (ERISA). These exemptions allow fiduciaries of employee benefit plans to engage in transactions with parties in interest that are typically prohibited, provided certain conditions are met. Each exemption is issued after a thorough review to protect the interests of plan participants and beneficiaries.",
  "abbreviation": "PTE",
  "url": "https://mlchart.com/terminology/insurance/prohibited-transaction-exemption-pte/"
}

Record 2,739 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.