DOL Provides Guidance for Private Equity Investments in 401(k) Plans
By EsqSocial Corporation 28/07/20
Employers that are fiduciaries of participant-directed individual account plans (such as 401(k) plans) subject to the Employee Retirement Income Security Act of 1974, as amended (‘Plans” and “ERISA”, respectively) should be pleased with the position taken by the Department of Labor (“DOL”) in an information letter dated June 3, 2020 (the “Letter”) addressing the use of private equity investments in designated investment alternatives offered in Plans. The DOL states that, subject to the standards...<BR />By: <a href="https://www.jdsupra.com/profile/epstein_becker_green/">Epstein Becker & Green</a>