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National Legal and Policy Center (NLPC) this week filed comments with theU.S. Department of Labor opposing a proposed rule that would allow retirement plan
March 12, 2021 The Biden administration is making a clean break from Trump-era rules that made it harder for money managers to incorporate environmental, social, and governance funds into retirement and 401(k) plans. The U.S. Department of Labor stated it will not be enforcing a Trump-administration rule that makes it tougher for 401(k) plans to hold socially responsible investment funds, the Wall Street Journal reports. The agency has been reviewing a rule that was finalized in the fall, which prevented corporate 401(k) plans from investing in funds with nonfinancial goals for employees. T...