Enter to open, tab to navigate, enter to select
Benefit Plan Investor (BPI)
Practical Law Glossary Item 6-581-9926 (Approx. 2 pages)
Glossary
Benefit Plan Investor (BPI)
Under plan asset regulations issued by the Department of Labor (DOL) and modified by Section 3(42) of the Employee Retirement Income Security Act of 1974 (ERISA) (29 U.S.C. § 1002), a statutory provision added under the Pension Protection Act of 2006, a benefit plan investor (BPI) is any of the following:
- Any employee benefit plan (as defined in ERISA Section 3(3)), subject to the provisions of Title IV of ERISA.
- Any plan described in Section 4975(e)(1) of the Internal Revenue Code (IRC).
- Any entity whose underlying assets include plan assets by reason of a plan's investment in the entity.
(29 C.F.R. § 2510.3-101, as modified by ERISA Section 3(42).)
For information, see Practice Note, ERISA Plan Asset Rules and Standard Clause, Benefit Plan Investor.