On March 30, 2026, the U.S. Department of Labor (“DOL”) proposed a new rule offering a safe harbor for fiduciaries under ERISA in connection with selecting designated investment alternatives for participant-directed defined contribution plans, such as 401(k) plans (the “Proposed Rule”). The Proposed Rule implements Section 3(c) of President Trump’s Executive Order 143300, Democratizing Access to Alternative Assets for 401(k) Investors (such executive order, “EO 14330” was discussed in detail in a prior Epstein Becker Green Blog linked here).
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Recent Updates
- Connecticut Joins Growing Number of States Regulating Workplace AI and Mandating Notice for Certain AI Uses as Well as Imposing New Disclosure Requirements for Certain Reductions in Force
- Watch: EEO-1 Reports, Remote Work, and Non-Compete Restrictions in Tennessee - Employment Law This Week
- Chicago Paid Leave Rules Clarified and Now in Effect
- Chicago Recalibrates Fair Workweek Rules, Which Took Effect June 1
- Illinois’ Proposed Notice Rules for Complying with Workplace AI Anti-Discrimination Law