The Department of Labor provided guidance on responsibilities for plan fiduciaries and other stakeholders regarding shareholder rights, written statements of investment policy, and economically targeted investments.
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The DOL issued a temporary enforcement policy applicable to investment advice fiduciaries in light of a Fifth Circuit decision to vacate the fiduciary rule.
A DOL rule proposal that would clarify the duties of ERISA plan fiduciaries on proxy voting was published in the Federal Register.
The DOL proposed a rule that would clarify the duties of ERISA plan fiduciaries on proxy voting.
The DOL extended certain enforcement relief under a new temporary policy on prohibited transactions rules applicable to investment advice fiduciaries.