October 13, 2020

DOL Issues Guidance on Private Equity Investments in 401(k) Plans

Spotlight on Benefits Blog

The Department of Labor (DOL) recently issued guidance in the form of an Information Letter describing the process that plan fiduciaries should undertake in determining whether an investment fund having a private equity component satisfies ERISA fiduciary standards. Specifically, the DOL emphasized that there are factors unique to such investment funds that should be considered as part of a prudent process.
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