In my last post, Alternative Assets (1), I said that a surprise in the DOL’s proposed regulation on selecting investments was that it went beyond alternative assets and asset allocation investments, which were the focus of last August’s Executive Order, and instead applied to all investments in participant-directed plans—both traditional
The Employee Benefit Security Administration (EBSA) of the US Department of Labor (DOL) has issued a proposed regulation on the selection of investments for participant-directed plans, such as 401(k) plans. 2026-06178.pdf The Beginning: An Executive Order The proposal is the direct result of an August 7, 2025 White House Executive
Key Takeaways The Trump administration is dropping its defense of the Biden-era ESG regulation on prudence for investment selection for fiduciaries of ERISA-governed retirement plans. In turn, the Biden era regulation reversed a regulation from the first Trump administration that was, in parts, anti-ESG. The Trump administration is expected to
A Country and Western Retirement I asked ChatGPT to write lyrics for a country and western song about retirement . . . about the uncertainty of moving into a new phase of life. Here is what I got: (Verse 1) I’ve spent all my life punchin’ that clock, Dust on
In November 2023, the U.S. Department of Labor released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to retirement plans, participants (including rollovers), and IRAs (including transfers). On March 8, 2024, the DOL sent the final
Each calendar quarter, I post approximately 12 articles on my blog, fredreish.com. This quarterly digest provides links to the most popular posts during the past three months so that you can catch up on what you missed or re-read them. Best Interest Standard of Care for Advisors #95: The Four
Each calendar quarter, I post approximately 12 articles on my blog, fredreish.com. This quarterly digest provides links to the most popular posts during the past three months so that you can catch up on what you missed or re-read them. Best Interest Standard of Care for Advisors #87: Specific Reasons
Each calendar quarter, I post approximately 12 articles on my blog, fredreish.com. This quarterly digest provides links to the most popular posts during the past three months so that you can catch up on what you missed or re-read them. Best Interest Standard of Care for Advisors #84: Compliance with
Each calendar quarter, I post approximately 12 articles on my blog, fredreish.com. This quarterly digest provides links to the most popular posts during the past three months so that you can catch up on what you missed or re-read them. Best Interest Standard of Care for Advisors #70: Compliance with
Each calendar quarter, I post approximately 12 articles on my blog, fredreish.com. This quarterly digest provides links to the most popular posts during the past three months so that you can catch up on what you missed or re-read them. Best Interest Standard of Care for Advisors #63: Compliance with
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