Recently, the Department of Labor has become more aggressive about issuing guidance to plan fiduciaries regarding their investment decisions that goes beyond the general fiduciary standards in ERISA. On March 10th, the Department issued a Compliance Assistance Release...
Proposed regulations published in December allow plan fiduciaries, when evaluating investments, to consider climate change and other environmental, social and governance (ESG) issues as risk factors affecting workers’ financial security. At the very end of the...
Recently, investors are showing an increasing appetite for risk. To this end, more investors are now moving away from the public markets into alternative investments such as private equity, corporate loans and real estate. This includes retirement plans where there is...
In an earlier article, we discussed recently passed legislation that provides tax credits for businesses using automatic enrollment as a feature in their retirement plan. As a brief refresher, with automatic enrollment once an employee is eligible for the 401(k) plan,...
Over the last 10 years many state governments across America have been looking for ways to help their residents get to and through retirement. Studies have shown that people without access to a workplace retirement savings plan are at a disadvantage and often must...
During the Trump administration in 2020, the Department of Labor issued an information letter stating that alternative investments can be added to defined contribution plans without violating ERISA’s fiduciary standards.This letter did not endorse adding private...
