October 22, 2015
On October 22, the Department of Labor (DOL) issued Interpretive Bulletin 2015-01 to clarify the fiduciary standards that apply to the selection of “economically targeted investments” (ETIs) under the Employee Retirement Income Security Act (ERISA). The purpose of the guidance is to confirm that the fiduciary standards applicable to ETIs are no different than the generally applicable ERISA standards for plan investments, and to remove earlier guidance, IB 2008-01, that DOL believed was being misinterpreted.
If you have any questions about the guidance, please contact your Sibson consultant or send us a note.
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