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DOL's Final ESG Investment Rules May Force Reassessment of 'Church Plan Status' for Some Organizations
Business of Benefits Link to more items from this source
[Guidance Overview]
Nov. 10, 2020

"The DOL's new ESG rules may have a curious impact on some church related organizations which utilize faith based standards in their retirement plan investments. Their ability to continue do may now turn on the manner in which they handle their status as a 'church plan.' It arises because the ESG rules will NOT apply to 'non-electing' church plans, as ERISA does not apply to churches unless they affirmatively choose it to do so."

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