DOL Issues PTE 2019-02 on IRA Auto-Portability | Practical Law
The Department of Labor (DOL) issued Prohibited Transaction Exemption (PTE) 2019-02, which permits Retirement Clearinghouse, LLC (RCH) to receive certain fees in connection with its IRA auto-portability program, which transfers an individual's default IRA or eligible mandatory distribution account assets to an individual's new defined contribution plan account.