11 08, 2020

Industry sounds off against DOL proposal on ESG

2020-08-11T09:39:33-07:00August 11th, 2020|Categories: ESG|Tags: , |

A Department of Labor proposal that would likely curb environmental, social and governance investments in ERISA plans has drawn sharp criticism from the retirement community. In a 30-day comment period that concluded July 30, stakeholders roundly admonished the Labor Department's proposal to add regulatory text that makes clear that ERISA requires plan fiduciaries in both private defined benefit and defined contribution plans to select investments "based on financial considerations relevant to the risk-adjusted economic value of a particular investment [...]

26 06, 2020

DOL proposal could hurt prospects for ESG in ERISA plans

2020-06-26T14:53:25-07:00June 26th, 2020|Categories: ERISA, ESG|Tags: , , |

A proposal from the Department of Labor stipulates that ERISA plan fiduciaries cannot invest in ESG vehicles that sacrifice investment returns or take on additional risk, which sources say could curb environmental, social and governance investments. "Private employer-sponsored retirement plans are not vehicles for furthering social goals or policy objectives that are not in the financial interest of the plan," Labor Secretary Eugene Scalia said in a news release. "Rather, ERISA plans should be managed with unwavering focus on [...]

25 03, 2014

Helping DB, DC and 403(b) Plans Comply with ERISA

2014-03-25T17:31:37-07:00March 25th, 2014|Categories: 401(k), Defined Benefit Plans|Tags: , , , , , |

Financial and retirement services provider Prudential has released a checklist to help plan sponsors of defined benefit (DB), defined contribution (DC) and 403(b) retirement plans to better comply with the Employee Retirement Income Security Act (ERISA). “We know how important it is for plan sponsors to comply with ERISA and the ever-changing reporting and disclosure requirements mandated by the federal government,” say the authors of Prudential’s Compliance Checklist for 2014. “The checklist incorporates DB, DC and 403(b) requirements and [...]

Go to Top