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Class Exemption
Class Exemption

The following information is about Class Exemption.

Class Exemption Defined

A published category of transactions that the DOL will consider exempt from the prohibited transaction rules. All transactions, plans, and parties in interest that fall in the parameters of a published class exemption can rely on the terms of a published class exemption to avoid excise taxes and other penalties.

This definition is in context to Employee Benefits. See more contextual defintions for Class Exemption.


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