Biden’s Labor Department Finalizes ESG Rule for 401ks

Posted on 11/23/2022

The U.S. Department of Labor (DOL), finalized a rule called the “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights,” by fiduciaries of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA). The DOL determined that the Final ESG Rule explicitly permits retirement plan fiduciaries to…

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