News & Analysis as of

Fiduciary Duty Rescission Department of Labor (DOL)

Morgan Lewis - ML Benefits

DOL Rescinds Guidance on ERISA Plan Sponsor Vendor Diversity Program

The US Department of Labor (DOL) has withdrawn prior guidance from 2023 supporting racial equity programs aimed at increasing racial diversity in a plan’s asset manager pool. That prior guidance had provided comfort to plan...more

Proskauer - Not for Profit/Exempt...

Update on the Department of Labor’s New Fiduciary Rules and Subsequent Challenges

On April 6, 2016, the Department of Labor under the Obama administration issued a new final rule and exemptions addressing when a person providing investment advice with respect to an employee benefit plan or individual...more

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