Labor Department Final Rule

2025-15288: Selection of Annuity Providers-Safe Harbor for Individual Account Plans; Withdrawal

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Summary

Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28007.

The agency’s own summary, as published.

The rule, in full

352 words as published, August 12, 2025. View the original →

Federal Register, Volume 90 Issue 153 (Tuesday, August 12, 2025) [Federal Register Volume 90, Number 153 (Tuesday, August 12, 2025)] [Rules and Regulations] [Page 38908] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2025-15288] [[Page 38907]] Vol. 90 Tuesday, No. 153 August 12, 2025 Part II Department of Labor ----------------------------------------------------------------------- Employee Benefits Security Administration ----------------------------------------------------------------------- 29 CFR Part 2550 Selection of Annuity Providers--Safe Harbor for Individual Account Plans; Withdrawal; Direct Final Rule; Removal of Definition of ``Plan Assets''--Insurance Company General Accounts; Withdrawal; Direct Final Rule; Agency Information Collection Activities; Notification of Public; Withdrawal; Notice Federal Register / Vol. 90, No. 153 / Tuesday, August 12, 2025 / Rules and Regulations [[Page 38908]] ----------------------------------------------------------------------- DEPARTMENT OF LABOR Employee Benefits Security Administration 29 CFR Part 2550 RIN 1210-AC33 Selection of Annuity Providers--Safe Harbor for Individual Account Plans; Withdrawal

Agency

Employee Benefits Security Administration, U.S. Department of Labor.

Action

Direct final rule; withdrawal. -----------------------------------------------------------------------

Summary

Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28007.

Dates

Effective August 11, 2025, the DFR published at 90 FR 28007 on July 1, 2025, is withdrawn.

For Further Information Contact

Jason DeWitt, Office of Regulations and Interpretations, Employee Benefits Security Administration, (202) 693-8500. This is not a toll-free number. Individuals with hearing or speech impairments may access the telephone number above by TTY by calling the toll-free Federal Information Relay Service at (800) 877- 8339.

Supplementary Information

In the DFR, the Department stated that if significant adverse comments (as defined in the DFR) were received by July 31, 2025, the Department would publish a timely notification in the Federal Register before the effective date either withdrawing the DFR or issuing a new final rule which responds to significant adverse comments. The Department received significant adverse comments and, therefore, withdraws the DFR. Signed at Washington, DC, this 8th day of August 2025. Janet Dhillon, Acting Assistant Secretary, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. 2025-15288 Filed 8-11-25; 8:45 am] BILLING CODE 4510-29-P

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

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