Final Rule Limits 401ks from Picking Funds Based on Nonfinancial Factors

On Oct. 30, the U.S. Department of Labor (DOL) released a final rule with new regulatory guideposts for fiduciaries who select investments for 401(k) and similar defined contribution retirement plans, defined-benefits pension plans and other benefits plans that include investments.The rule,

Financial Factors in Selecting Plan Investments, addresses fiduciaries’ use of financial and nonfinancial factors such as environmental, social and governance (ESG) criteria when choosing mutual fund

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