Labels:book | reckoner | sky | tree | windowpane OCR: A-103 Department of Labor Arlvisury Opinion 75.79 P/OPINION 75-79 February 1975 Dear response to your letter of January 24. 1975. enclosing a let. ter dated January 13. 1975 from The Life Company, am pleased to be ahle tc give the following guidance Our latest interpretative bulletin ERISA IB 75-2 copy of which is enclosed herewith. makes clear that when plan purchases policy or policies on an insurance company general assets account, the plan assets consist af the policy, and not the underly- ing assets of the insurance company If all the plan assets con- sist of such policies, the responsibility of plan fiduciaries tn ercise the section 404{a} requirements of the Employee Retire- ment Iacome Security Act of 1974 (ERISA) in the selection the insurance company and the policies purchased Pi ...
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