What matters more when selecting 401(k) investments: results or process? A new proposal from the U.S. Department of Labor suggests the answer may be clearer than ever.
In a newly issued Benefits + Compensation alert, Mark Bokert, Alan Hahn, AliceRose Sherman, and William Szanzer break down the DOL’s proposed fiduciary “safe harbor” for investment selection and what it could mean for plan committees.
The takeaway: a well-documented process may be the strongest protection fiduciaries have. The alert walks through:
- The proposed six-factor framework for evaluating investments
- What the rebuttable presumption of prudence could mean in practice
- Steps fiduciaries may want to consider now
Read the full alert: Department of Labor Proposes Fiduciary Safe Harbor for Selection of 401(k) Investment Options – Davis+Gilbert LLP