Labels:book | reckoner | sky OCR: certain assets to be plan assets for general fiduciary Lnd poses but not JaF prohibited transaction purposes. P.A. 13.3 "The Second Circuit adopted the reasoning of Associates ir Adolescent Psuchia- try Home Life Ins. Co. which the court rejected the cont ent tion that IB 75. -2{b} grants issuers complete exemption from ERISA: It seeris perfectly corsistent to this Court that plan assets might be considered such for purpases general fiduciary duties. but not for purposes of the prohibited transactions rules. For example without the policy stated in the bulletin, independent investment trans actions between insurer and large corporate enployers who had purchased the insurer general ac- count produets through m ultiemployer plan could be deemed unl awful under $406 ever though there would be ...
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