United States: DOL Issues Final Rule For ERISA Fiduciaries Considering Socially Conscious Investments - Littler Mendelson

Employers offering 401(k) and similar retirement plans should familiarize themselves with a new rule published by the Employee Benefits Security Administration of the U.S. Department of Labor, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, which takes effect on January 30, 2023.