Regulatory
Proposed Exemption From Certain Prohibited Transactions Involving GCI Communication Corporation (GCI or the Applicant) Located in Anchorage, Alaska
Issued by Labor Department
What the record says
This proposed exemption would permit the GCI 401(k) Plan's (the Plan's) prior acquisition and holding of rights to purchase shares of GCI Liberty, Inc. Series C GCI Group Common Stock (the Rights). Absent an exemption, these transactions would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code).
This is a factual description of what was issued or decided, not an assessment of it.