PTE 2011-20 William W. Etherington IRA (the IRA) [Application No. D–11632]

Docket ID: EBSA-2011-0011
Agency: Employee Benefits Security Administration (EBSA)
Parent Agency: Department of Labor (DOL)
Based on the facts and representations set forth in the application, the sanctions resulting from the application of section 4975 of the Code, by reason of section 4975(c)(1)(A) through (E) of the Code, shall not apply to the sale (the Sale) by the IRA to William W. Etherington and his wife, Paula D. Etherington (the Applicants), disqualified persons with respect to the IRA,12 of the IRA’s 80%interest (the Interest) in certain residential real property (the Property); provided that: (a) The terms and conditions of the Sale are at least as favorable to the IRA as those obtainable in an arm’s length transaction with an unrelated party; (b) The Sale is a one-time transaction for cash; (c) As consideration, the IRA receives the fair market value of the Interest as determined by a qualified, independent appraiser, in an updated appraisal on the date of Sale; and (d) The IRA pays no real estate commissions, costs, fees, or other expenses with respect to the Sale
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Type: Nonrulemaking

Primary Documents

View All  (2)
Comment Period Closed
Posted: 09/01/2011
ID: EBSA-2011-0011-0002
Comment Period Closed
Posted: 06/27/2011
ID: EBSA-2011-0011-0001

Supporting Documents

No documents available.


No comments posted.

Comments Received*
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.