Federal · Title 29 — Labor

29 U.S.C. § 1111: Persons prohibited from holding certain positions

Felony

What this law says, in plain English

A law prohibiting certain convicted persons from holding positions in employee benefit plans. Intentional violations carry penalties of up to $10,000 in fines or up to five years imprisonment.

Read the full statutory text
as an administrator, fiduciary, officer, trustee, custodian, counsel, agent, employee, or representative in any capacity of any employee benefit plan, as a consultant or adviser to an employee benefit plan, including but not limited to any entity whose activities are in whole or substantial part devoted to providing goods or services to any employee benefit plan, or in any capacity that involves decisionmaking authority or custody or control of the moneys, funds, assets, or property of any employee benefit plan, Any person who intentionally violates this section shall be fined not more than $10,000 or imprisoned for not more than five years, or both. A person shall be deemed to have been “convicted” and under the disability of “conviction” from the date of the judgment of the trial court, regardless of whether that judgment remains under appeal. The term “consultant” means any person who, for compensation, advises, or represents an employee benefit plan or who provides other assistance to such plan, concerning the establishment or operation of such plan. A period of parole or supervised release shall not be considered as part of a period of imprisonment. by operation of this section, has been barred from office or other position in an employee benefit plan as a result of a conviction, and has filed an appeal of that conviction,

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.