29 CFR § 2560.502i-1 - Civil penalties under section 502(i). · (i) An employee benefit plan purchases property from a party in interest at a price of $10,000.
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Such penalty shall not exceed $10,000 for each such distribution. (Pub. L. 93–406, title I, § 502, Sept. 2, 1974, 88 Stat. 891 ...
Statutory Authority. ERISA section 502(i) authorizes the Secretary to assess a civil penalty against a party in interest who engages in a prohibited transaction ...