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Exemption for Certain Prohibited Transactions Involving Mid-America Carpenters Regional Council Apprentice and Training Fund (the Fund or Applicant) Located in St. Louis, Missouri
Plain English Summary
The Mid-America Carpenters Regional Council Apprentice and Training Fund in St. Louis, Missouri, has received permission to sell real estate to the Mid-America Carpenters Regional Council. Normally, this kind of sale would be against the law under the Employee Retirement Income Security Act of 1974 (ERISA). Insurance agents should be aware of this exemption as it allows the Fund to proceed with the sale legally.
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This exemption permits the sale by the Fund of real property to the Mid-America Carpenters Regional Council (the Sale). Without this exemption, the Sale would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA).