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Interpretive Bulletin Relating to the Fiduciary Standard Under ERISA in Considering Economically Targeted Investments

retirement-erisa · Employee Benefits Security Administration · Published 2015-10-26 · Effective 2015-10-26 · 80 FR 65135

Document

Document number
2015-27146
Federal Register citation
80 FR 65135
CFR reference
29 CFR 2509
Type
Rule
Action
Interpretive bulletin.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
2015-10-26
Effective date
2015-10-26

Abstract

This document sets forth supplemental views of the Department of Labor (Department) concerning the legal standard imposed by sections 403 and 404 of Part 4 of Title I of the Employee Retirement Income Security Act of 1974 (ERISA) with respect to a plan fiduciary's decision to invest plan assets in "economically targeted investments" (ETIs). ETIs are generally defined as investments that are selected for the economic benefits they create in addition to the investment return to the employee benefit plan investor. In this document, the Department withdraws Interpretive Bulletin 08-01 and replaces it with Interpretive Bulletin 2015-01 that reinstates the language of Interpretive Bulletin 94-01.

Source

Authoritative
Federal Register document
Machine
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