Prior to 2014, many federal courts applied a “presumption of prudence" standard when evaluating a fiduciary's decision to offer employer stock as an investment option under their company’s retirement plan. However, Fifth Third Bancorp v. Dudenhoeffer, drastically changed this, as the U.S. Supreme Continue Reading
Employee Relations Law Journal | ESG Investing by ERISA Plan Fiduciaries: The Saga Continues
There has been a long, confusing trail of regulatory and sub-regulatory guidance issued by the U.S. Department of Labor (DOL) dealing with the standards that plan fiduciaries must meet when selecting socially-conscientious investments for their retirement plan (i.e., so-called ESG investments). Continue Reading