Labor Removes Old Rule on Insurance Plan Assets
Published Date: 7/1/2025
Rule
Summary
The Department of Labor is removing an old rule about certain insurance policies tied to employee benefit plans from before 1999 because it’s outdated and probably no longer applies. This change helps companies avoid confusion and saves time by cutting unnecessary red tape. If you’re dealing with employee benefit plans, this means less hassle and clearer rules starting now!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Obsolete ERISA Insurance Rule Removed
The Department of Labor removed 29 CFR 2550.401c-1, a rule that applied only to insurance policies or contracts issued to (or on behalf of) employee benefit plans on or before December 31, 1998. This removal is intended to reduce confusion and cut red tape for employers, plan administrators, and insurers by eliminating the need to determine whether they must comply with that old rule.
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