Tag: retirement plan investments
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Department of Labor looks to enable private equity investments in 401(k)s
On March 30, 2026, the U.S. Department of Labor issued a notice of a proposed rule to establish guidelines for 401(k) plan managers considering investments in alternative assets. The proposed rule would establish guidelines for plan fiduciaries that create safe harbors under the Employee Retirement Income Security Act of 1974 (ERISA) when evaluating and investing…
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Oklahoma pension board votes to retain financial advisors, including BlackRock
An Oklahoma law passed in 2022 required the state treasurer to maintain a list of businesses ineligible to do business with the state due to ESG investing policies. But the Oklahoma Public Employees Retirement System’s board voted on Aug. 23 to retain its current roster of financial advisers, including businesses that were on the treasurer's…
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House Republican introduces bill opposing ESG in retirement funds
Congressman Andy Barr (R-Ky.) introduced a bill on June 21 opposing the Biden Labor Department’s rule allowing the use of ESG in retirement plan investments. Both chambers recently passed a Congressional Review Act (CRA) resolution overturning the Labor Department rule, but President Joe Biden (D) vetoed that legislation. Congressman Barr introduced the new bill in…