Settlement Agreements Between a Plan and a Party in Interest

Prohibited Transaction Exemption (PTE) 94-71 exempts from certain restrictions of ERISA and certain taxes of the Code, settlement agreements entered into between a plan and a party in interest resulting from an investigation of an employee benefit plan by the Department. PTE 03-39 similarly exempts from certain restrictions of ERISA and certain taxes of the Internal Revenue Code, settlement agreements entered into between a plan and a party in interest in avoidance of litigation.

The latest form for Settlement Agreements Between a Plan and a Party in Interest expires 2022-04-30 and can be found here.