The DOL published for public comment a proposal to update and clarify its investment duties regulation for employer-sponsored retirement plans, such as 401ks, that are governed by ERISA. It emphasizes that a retirement plan must focus on financial returns for participants. The DOL proposal could chill the use of socially responsible investments in retirement plans, experts say.
Source: Investmentnews.com (registration may be required), June 2020
https://www.investmentnews.com/dol-proposal-esg-retirement-funds-194444