The Department of Labor (DOL) released a final rule requiring fiduciaries to select investments for 401(k) and other plans based on participants’ financial interests, rather than nonfinancial factors such as a fund’s environmental, social and governance (ESG) criteria.
Final Rule Limits 401(k)s from Picking Funds Based on Nonfinancial Factors
by Market Cheetah | Nov 4, 2020 | Defined Benefit Plans, Defined Contribution Plans, Fiduciary Duty, Human Resources