Monthly Archives: March 2023

The ESG rule issued by the Department of Labor (DOL) has incensed anyone who believes that the selection of retirement plan investments should be based solely on total return. It’s incensed 25 state attorney generals to sue to stop the … Continue reading →

Our latest article for JDSupra.com can be found here.

The ESG rule issued by the Department of Labor (DOL) has incensed anyone who believes that the selection of retirement plan investments should be based solely on total return. It’s incensed 25 state attorney generals to sue to stop the … Continue reading →

I had a contractor work on my house for a couple of projects. Frank installed a new front door, installed a garage, re-did the sheet rocking of a few rooms, and installed a new kitchen. We thought he was dependable … Continue reading →

They often say that the road to hell is paved with good intentions. I don’t know who said it first (I heard it originated with St. Bernard, the saint, not the dog), but perhaps they were a 401(k) plan sponsor … Continue reading →

While the talk about retirement plans is usually centered on 401(k) plans, the value of a defined benefit plan for those companies that could afford it should not be discounted. Thanks to the generous deductible contribution of the requirements of … Continue reading →

Bank of America’s newest survey shows that at the end of 2022, fewer participants took hardship withdrawals and loans. Participants taking a hardship distribution declined in the fourth quarter of 2022, with the average at 0.4%, down from 0.5% in the … Continue reading →

Love those New York Rangers. In other news, the National Hockey Players Association will get a new leader. U.S. Labor Secretary Marty Walsh will leave the Biden administration to run the NHLPA. The hockey players’ union has been searching for … Continue reading →

A U.S. District Court judge threw out a case against Microsoft which claimed that the BlackRock LifePath Index Funds suite of target-date funds was an imprudent investment choice for their plan participants. Plaintiff plan participants claimed Microsoft selected BlackRock TDFs … Continue reading →

With the new Department of Labor (DOL) rules on ESG funds, it should be no shock that mutual fund companies starting mutual fund offerings for 401(k) fund lineups. Putnam has launched the Putnam Sustainable Retirement Funds that invest in actively … Continue reading →