The Department of Labor has released a landmark proposed regulation that provides a framework for fiduciary responsibility in selecting investment options. Although prompted by an Executive Order on alternative investments in 401(k) plans, the regulation’s reach is comprehensive, affecting the selection process for all investment options in defined contribution plans. The proposed regulation will fundamentally reshape the way plan investment committees approach the evaluation and documentation of investment decisions.

Implementing these practices will be critical for demonstrating procedural diligence and reducing exposure to future claims for investment fiduciaries of 401(k) plans, 403(b) plans and other defined contribution retirement plans.

Join the Kilpatrick Employee Benefits team for an essential webinar that will provide:

• A comprehensive review of the DOL’s proposed regulation and its impact on retirement plan investment selection.
• Practical implications for fiduciaries and those who advise them, including actionable steps to strengthen your decision-making processes.
• Key litigation trends in retirement plan investments, including recent developments in excess fee lawsuits and performance challenges, plus strategies to mitigate risk in this evolving landscape.
• Other critical topics such as ESG investment considerations and proxy voting responsibilities.