"Although [Technical Release 2026-01] does not reflect a change in law, it highlights the DOL's current policy posture and serves as a reminder that proxy voting arrangements involving ERISA plan assets can carry fiduciary implications for both plans and their service providers. In light of that framing, asset managers that provide proxy voting services for ERISA clients (directly or indirectly) may want to review any existing proxy advisory engagements."  MORE >>