Things I Worry About (18): Executive Orders, Private Funds, and Fiduciary Standards (4)
Key Takeaways The Trump administration has issued an Executive Order about facilitating 401(k) investments in “alternative assets,” which includes private funds. The Order directs the Secretary of Labor to examine current guidance and decide if it is appropriate for that purpose. The Order also directs the Secretary of Labor to issue guidance to clarify fiduciary […]
Best Practices for Plan Sponsors #11
Lessons Learned from Litigation (#4)—The ABB Case This is the eleventh in a series of articles about Best Practices for Plan Sponsors. To be clear, “best practices” are not the same as legal requirements. Instead, they are about better ways to manage retirement plans. In many cases, though, “best practices” also are good risk management […]