Labels:book | reckoner | sky | tree OCR: B. The History pur Scope of Bulletin 75-2 Do Not Support the DOL'S Interpretation In construing g40l{b}(2}, the DOL purportedly relies uoen "I1- terpretive Bulletin Relating to Prohibited Transactions 75-2 /IP 75-2 an early DOL pronouncernent regarding application ERISA's Prohibited Transaction provisions. Hancnck and amici argue that IB 75.2 exempted general account contract from all ERISA fiduciary duty and WHS not limited to prohibited transactions Hancock at 38: U.S. 11 26 27 29 LICONY at 22 n.8. However, the Second Circuit pointed ot the preamble to the [Plan Asset] regulation recites that IR 75. was issued with respect to whethei party in interest has engaged ina prohibited trarraction with corpo ration partnership iT which the plan has P.A. 13.3 Hancock and amici argue that the DOL ...
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