Regulatory and Legislative

ESG Final Rule Published in Federal Register

The Department of Labor’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, which was previously announced, has been published in the Federal Register. Today’s publication establishes a January 30, 2023, effective date. Certain provisions related to proxy voting, however, will not be applicable until December 1, 2023.

DOL Defined Contribution Plan Fiduciary Issues

Regulatory and Legislative

Disaster Assistance May Be Available for Oregon Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on April 13, 2024, for Oregon severe winter storms, straight-line-winds, landslides, and mudslides.

Regulatory and Legislative

Disaster Assistance May Be Available for California Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on April 13, 2024, for California severe winter storms, tornadoes, flooding, landslides, and mudslides.

Regulatory and Legislative

DOL Releases Proposed Retirement Savings Lost and Found Information Collection

The Department of Labor is proposing to collect information in order to establish the Retirement Savings Lost and Found online searchable database described in Section 523 of ERISA as amended by Section 303 of SECURE 2.0.