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On December 21, 2021, the Department of Labor published a Supplemental Statement to its June 3, 2020 Information Letter addressing fiduciary considerations for including private equity within an investment option under an ERISA-covered defined contribution plan.
On December 21, 2021, the Department of Labor (the “DOL”) published a Supplemental Statement (the “Supplemental Statement”) to its June 3, 2020 Information Letter (the “2020 Letter”)...
On December 21, 2021, the Department of Labor (the "DOL") published a letter (the "2021 PE Letter")1 clarifying its current views regarding investments in private equity by ERISA-covered individual account plans' (such as 401(k) plans).