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Full Version: Prohibited Transaction
BenefitsLink Message Boards > Retirement Plans > 401(k) Plans
mbw
How does Fidelity and other similar companies offer its mutual fund products in the mix under its target date funds without creating a prohibited transaction?
Kevin C
One way is by requesting a prohibited transaction exemption ruling from the DOL. The request includes a detailed description of what they want to do. The DOL issues an opinion about whether it would result in a prohibited transaction.
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