# 29 CFR § 2550.403b-1: Exemptions from trust requirement

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.403b-1

## Section

- **Citation:** 29 CFR § 2550.403b-1
- **Heading:** Exemptions from trust requirement
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 29—Labor > Subtitle B—Regulations Relating to Labor > CHAPTER XXV—EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF LABOR > SUBCHAPTER F—FIDUCIARY RESPONSIBILITY UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 > PART 2550—RULES AND REGULATIONS FOR FIDUCIARY RESPONSIBILITY

## Text

(a) Statutory exemptions. The requirements of section 403(a) of the Act and section 403a-1 shall not apply—
(1) To any assets of a plan which consist of insurance contracts or policies issued by an insurance company qualified to do business in a State;
(2) To any assets of such an insurance company or any assets of a plan which are held by such an insurance company;
(3) To a plan—
(i) Some or all of the participants of which are employees described in section 401(c)(1) of the Internal Revenue Code of 1954; or
(ii) Which consists of one or more individual retirement accounts described in section 408 of the Internal Revenue Code of 1954. To the extent that such plan's assets are held in one or more custodial accounts which qualify under section 401(f) or 408(h) of such Code, whichever is applicable;
(4) To a contract established and maintained under section 403(b) of the Internal Revenue Code of 1954 to the extent that the assets of the contract are held in one or more custodial accounts pursuant to section 403(b)(7) of such Code.
(5) To any plan, fund or program under which an employer, all of whose stock is directly or indirectly owned by employees, former employees or their beneficiaries, proposes through an unfunded arrangement to compensate retired employees for benefits which were forfeited by such employees under a pension plan maintained by a former employer prior to the date such pension plan became subject to the Act.
[47 FR 21247, May 18, 1982]

## Nearby sections

- [29 CFR § 2550.401c-1 § 2550.401c-1 Definition of “plan assets”—insurance company general accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.401c-1.md)
- [29 CFR § 2550.403a-1 § 2550.403a-1 Establishment of trust.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.403a-1.md)
- [29 CFR § 2550.403b-1 § 2550.403b-1 Exemptions from trust requirement.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.403b-1.md)
- [29 CFR § 2550.404a-1 § 2550.404a-1 Investment duties.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404a-1.md)
- [29 CFR § 2550.404a-2 § 2550.404a-2 Safe harbor for automatic rollovers to individual retirement plans.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404a-2.md)
- [29 CFR § 2550.404a-3 § 2550.404a-3 Safe harbor for distributions from terminated individual account plans.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404a-3.md)
- [29 CFR § 2550.404a-4 § 2550.404a-4 Selection of annuity providers—safe harbor for individual account plans.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404a-4.md)
- [29 CFR § 2550.404a-5 § 2550.404a-5 Fiduciary requirements for disclosure in participant-directed individual account plans.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404a-5.md)
- [29 CFR § 2550.404b-1 § 2550.404b-1 Maintenance of the indicia of ownership of plan assets outside the jurisdiction of the district courts of the United States.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404b-1.md)
- [29 CFR § 2550.404c-1 § 2550.404c-1 ERISA section 404(c) plans.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404c-1.md)
- [29 CFR § 2550.404c-5 § 2550.404c-5 Fiduciary relief for investments in qualified default investment alternatives.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.404c-5.md)
- [29 CFR § 2550.407a-1 § 2550.407a-1 General rule for the acquisition and holding of employer securities and employer real property.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.407a-1.md)
- [29 CFR § 2550.407a-2 § 2550.407a-2 Limitation with respect to the acquisition of qualifying employer securities and qualifying employer real property.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.407a-2.md)
- [29 CFR § 2550.407d-5 § 2550.407d-5 Definition of the term “qualifying employer security”.](https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.407d-5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-29-2550.403b-1. Check the current official text before relying on it. Not legal advice.