On April 1, 2026, the U.S. Department of Labor (DOL) published a technical release indicating that proxy advisory firms may meet the definition of an investment fiduciary and fall subject to the Employee Retirement Income...more
4/17/2026
/ Benefit Plan Sponsors ,
Corporate Counsel ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Fiduciary ,
Fiduciary Duty ,
Multi-Factor Test ,
New Guidance ,
Proxy Advisory Firms ,
Proxy Voting ,
Retirement Plan ,
Trump Administration
Two recent class action lawsuits charging a breach of fiduciary duty under the Employee Retirement Income Security Act (ERISA) have increased the stakes and raised important considerations regarding a plan fiduciary’s duty of...more
5/12/2025
/ Benefit Plan Sponsors ,
Class Action ,
Due Diligence ,
Duty of Loyalty ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Employment Litigation ,
Environmental Social & Governance (ESG) ,
Fiduciary ,
Fiduciary Duty ,
Investment Management ,
Plan Participants ,
Prohibited Transactions ,
Retirement Plan ,
SCOTUS
What has changed with the U.S. Department of Labor’s (DOL) final regulations and certain prohibited transaction exemptions (PTEs)? Is it really that bad even for plan sponsors, as we hear from the many critics of the DOL’s...more
5/7/2024
/ Benefit Plan Sponsors ,
Best Interest Standard ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Fiduciary ,
Fiduciary Rule ,
Internal Revenue Code (IRC) ,
Investment Adviser ,
Prohibited Transactions ,
QPAM ,
Securities and Exchange Commission (SEC)