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The U.S. Department of Labor recently issued a proposed prohibited transaction exemption allowing privately held conglomerate ABARTA to contribute real property to its defined benefit plan and simultaneously lease back the property.
As employers struggle with the cost of providing health coverage to employees, more businesses are turning to private health insurance exchanges. Inspired by public exchanges under the Affordable Care Act (ACA), in a private exchange, a company’s employees or retirees can compare and select from a variety of health plans. The employer contributes the same amount of money toward the premiums for each participant, leaving the employees to make up any difference.