29 U.S.C. § 1103
Establishment of trust
United States · Title 29 — LABOR · Status: effective
Cite this
- Citation
- 29 U.S.C. § 1103, Establishment of trust, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/466155
- Permanent ID
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Full text
Except as provided in subsection (b), all assets of an employee benefit plan shall be held in trust by one or more trustees. Such trustee or trustees shall be either named in the trust instrument or in the plan instrument described in section 1102(a) of this title or appointed by a person who is a named fiduciary, and upon acceptance of being named or appointed, the trustee or trustees shall have exclusive authority and discretion to manage and control the assets of the plan, except to the extent that—
The requirements of subsection (a) of this section shall not apply—
to a plan—
to a plan which the Secretary exempts from the requirement of subsection (a) and which is not subject to any of the following provisions of this chapter—
In the case of a contribution, or a payment of withdrawal liability under part 1 of subtitle E of subchapter III—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Employee Retirement Income Security Act of 1974House: no recorded tallySenate: no recorded tally
- An act to amend the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code of 1954 to improve retirement income security under private multiemployer pension plans by strengthening the funding requirements for those plans, to authorize plan preservation measures for financially troubled multiemployer pension plans, and to revise the manner in which the pension plan termination insurance provisions apply to multiemployer plans, and for other purposes.House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1987House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1989House: no recorded tallySenate: 87–7
- Omnibus Budget Reconciliation Act of 1990
- Uruguay Round Agreements Act
- Ticket to Work and Work Incentives Improvement Act of 1999
- Pension Funding Equity Act of 2004
- American Jobs Creation Act of 2004
- Pension Protection Act of 2006
- Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010House: 417–1Senate: no recorded tally
- MAP-21
- Surface Transportation and Veterans Health Care Choice Improvement Act of 2015
- Consolidated Appropriations Act, 2023House: 225–201Senate: no recorded tally