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DOL Announces Final Rule to Protect Americans’ Retirement Investments
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
Oct. 30, 2020

"The final rule amends the Department's longstanding investment duties regulation, first issued in 1979, to codify a clear regulatory structure for considering investments for ERISA plans. The amendments require plan fiduciaries to select investments and investment courses of action based on pecuniary factors -- i.e., any factor that the responsible fiduciary prudently determines is expected to have a material effect on risk and/or return of an investment based on appropriate investment horizons consistent with the plan's investment objectives and funding policy."

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