Explore Fred’s latest insights on fiduciary responsibility, ERISA developments, retirement policy, regulatory guidance, and the evolving landscape of financial and retirement services.
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
Last year, 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. It wrote these lyrics about a cowboy who had a 401(k) plan. While we don’t often think of cowboys having
Last year I had ChatGPT write this Christmas song. It’s a 401(k) Christmas song. Hopefully it will bring cheer to you, as it did for me. I wish you the very best for these holidays and for the new year!
Key Takeaways The SEC Division of Examinations has issued its 2026 fiscal year Examination Priorities. The Priorities include a focus on older investors, investing for retirement and rollovers. This article discusses those priorities. The SEC Division of Examinations has published its 2026 Examination Priorities. (2026-exam-priorities.pdf) While the Priorities are far
Key Takeaways The DOL has issued guidance about PEPs—pooled employer plans—that includes questions designed to assist the DOL in developing future guidance about PEPs. Some of those questions suggest that the DOL is concerned about conflicts of interest in the organization and management of PEPs. This article continues a discussion
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