ESG investing is creating quite a stir. States are suing over a Biden administration rule which replaced a Trump administration rule which superseded over 40 years of interpretive guidance.
What does it all mean? Headaches for ERISA plan fiduciaries!
If you are considering adding an ESG fund to your 401k plan or if your 401k plan already offers an ESG fund, talk to us about the risks and duties associated with these funds.
Good planning and preparation will help you survive a DOL audit and prevent participant litigation.
GOP-led states sue Biden administration to block ESG investment rule | CNN Business