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What does PT stand for?

PT stands for Prohibited Transaction (qualified retirement plans)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of PT

Other Resources:
We have 127 other meanings of PT in our Acronym Attic

Samples in periodicals archive:

00 KF3512 Given the broad nature of prohibited transactions on the part of fiduciaries of pension and other employee benefit plans provided for by the Employee Retirement Income Security Act of 1974 (ERISA), Congress also provided an administrative exemption procedure which has since been utilized by the Department of Labor (and, early on, the Internal Revenue Service) to grant prohibited transaction class exemptions.
The seminar program will emphasize the obligation of plan sponsors and other fiduciaries to understand the terms of their plans, select and monitor service providers carefully, make timely contributions to fund benefits, avoid prohibited transactions, and make timely disclosures to workers, their beneficiaries and the government.
There are three categories of legal issues to consider: federal income tax issues, state insurance regulatory constraints and prohibited transaction considerations under the Employee Retirement Income Security Act of 1974 (ERISA).