United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2024_register executive 2024-11-21 article Notices D09002ee1ce6f018f D09002ee1ce6f025b United States Department of Labor originator org United States Government Agency or Subagency United States Employee Benefits Security Administration originator org United States Government Agency or Subagency This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act). If the proposed exemption is granted, the Meta Platforms Inc. Health and Welfare Benefit Plan (the Plan) would enter into an insurance contract with Prudential Life Insurance Company of America (Prudential). The contract would cover the Plan's group term life insurance benefits, accidental death and dismemberment benefits, and survivor income benefits (the Covered Insurance). Prudential would then reinsure the Covered Insurance by entering into a reinsurance contract with Ekahi Insurance Company, LLC (Ekahi), an insurance company that is owned by Meta Platforms, Inc. (Meta). Importantly, at all times and in all events, Prudential would remain fully and completely responsible to the Plan with respect to the Covered Insurance, regardless of whether Ekahi met its obligations to Prudential. 89 FR 92162 https://www.govinfo.gov/app/details/FR-2024-11-21/2024-27260 2024-27260 fr21no24-83 4510-29-P Exemption Application No. L-12066 https://www.govinfo.gov/app/details/FR-2024-11-21/2024-27260 https://www.govinfo.gov/content/pkg/FR-2024-11-21/html/2024-27260.htm https://www.govinfo.gov/content/pkg/FR-2024-11-21/pdf/2024-27260.pdf 13 p. 92162 92174 89 FR 92162 Proposed Exemption from Certain Prohibited Transaction Restrictions Involving Meta Platforms, Inc. Located in Menlo Park, CA; Federal Register Vol. 89, Issue NOTICE 2024-27260 DEPARTMENT OF LABOR Employee Benefits Security Administration Exemption Application No. L-12066 4510-29-P 2024-27260 Notice of proposed exemption.

This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act). If the proposed exemption is granted, the Meta Platforms Inc. Health and Welfare Benefit Plan (the Plan) would enter into an insurance contract with Prudential Life Insurance Company of America (Prudential). The contract would cover the Plan's group term life insurance benefits, accidental death and dismemberment benefits, and survivor income benefits (the Covered Insurance). Prudential would then reinsure the Covered Insurance by entering into a reinsurance contract with Ekahi Insurance Company, LLC (Ekahi), an insurance company that is owned by Meta Platforms, Inc. (Meta). Importantly, at all times and in all events, Prudential would remain fully and completely responsible to the Plan with respect to the Covered Insurance, regardless of whether Ekahi met its obligations to Prudential.

Applicability date: If granted, this proposed exemption will be in effect for the period beginning on the date of publication in the Federal Register. Nicholas Schroth of the Department at (202) 693-8571. (This is not a toll-free number.) Exemption Certain Prohibited Transaction Restrictions Involving Meta Platforms, Inc., Located in Menlo Park, CA, e-OED@dol.gov https://www.regulations.gov Vol. 89, no. 225 Office of the Federal Register, National Archives and Records Administration 2024-11-21 continuing daily deposited born digital 554 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2024-11-21 P0b002ee1ce6ef1c4 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr21no24 https://www.govinfo.gov/app/details/FR-2024-11-21 https://www.govinfo.gov/content/pkg/FR-2024-11-21/pdf/FR-2024-11-21.pdf https://www.govinfo.gov/content/pkg/FR-2024-11-21/xml/FR-2024-11-21.xml fdlp 92023 92568 DGPO 2024-11-21 2024-11-21 FR-2024-11-21 machine generated eng FR FR-2024-11-21 89 225