Pension and Welfare Benefit Programs Prohibited Transaction Exemption 78-5

This document is about a class exemption granted by the Department of Labor that exempts certain transactions between collectively bargained multiple employer apprenticeship plans and contributing employers or employee organizations from the prohibited transaction provisions of ERISA. The exemption aims to facilitate the operation of such apprenticeship plans by allowing them to lease real property and lease or purchase incidental personal property from sponsoring employee organizations without violating ERISA's fiduciary rules.