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DOL Gets It Right on Retirement Plan Investment Options

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Millions of Americans depend on 401(k) and other DC plans as their primary path to financial security, where investment choices play a critical role in outcomes. Because of this, the rules guiding how fiduciaries select plan investments are highly consequential. The DOL’s proposed rule would create a process-based, asset-neutral safe harbor to guide these investment decisions.

The Department of Labor’s proposed Fiduciary Duties in Selecting Designated Investment Alternatives rule would allow retirement plan decisionmakers to evaluate and select investments without fear that...

Millions of Americans rely on 401(k) plans and other workplace defined contribution (DC) retirement plans as their primary path to financial security. For these savers, the investment options...