DOL ERISA Proposals Single Out ESG Investments for Extra Scrutiny
The DOL has proposed amendments to its ERISA investment duties regulation regarding ESG investments.
July 01, 2020
Tags: Retirement Savings, DOL, ERISA, Retirement Plans
Supreme Court Dismisses Case Brought by DB Plan Participants for Lack of Standing
In a 5-4 decision written by Associate Justice Brett Kavanaugh, the U.S. Supreme Court found that two retired participants in a defined benefit plan did not have standing under Article III of the Constitution.
June 09, 2020
Tags: ERISA, Fiduciary, Supreme Court
DOL Confirms DC Plans May Offer Options that Include Private Equity Investments
The DOL recently issued an Information Letter confirming that defined contribution plans may offer as an investment option a professionally managed asset allocation fund, such as a target date fund, that includes as a component private equity investments.
June 09, 2020
Tags: DOL, ERISA, Fiduciary, Jay Clayton, Private Equity
DOL Issues COVID-19 Relief from ERISA Deadlines For Plans and Participants
The DOL has provided relief from certain deadlines under ERISA “to help employee benefit plans, plan participants and beneficiaries, employers and other plan sponsors, plan fiduciaries, and other service providers impacted by the coronavirus outbreak.”
May 06, 2020
Tags: Coronavirus, COVID-19, DOL, ERISA, Retirement Plans, SBA