New DOL Rule Creates Certainty and Consistency for Fiduciaries

Washington, DC – The following statement should be attributed to Aliya Robinson, Senior Vice President of Retirement and Compensation Policy at The ERISA Industry Committee (ERIC):

“ERIC is pleased that the Department of Labor took our concerns seriously when considering the final rule on ‘Factors in Selecting Plan Investments.’ We especially appreciate the Department, including our asks to use the terms ‘pecuniary’ and ‘non-pecuniary’ instead of ‘ESG’ and easing some documentation requirements.

While we are still reviewing the rule in its entirety, ERIC looks forward to continuing our work with the Department and ensuring that the duties of plan fiduciaries are clear and consistent.”

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC is a national advocacy organization that exclusively represents large employers that provide health, retirement, paid leave, and other benefits to their nationwide workforces. With member companies that are leaders in every sector of the economy, ERIC advocates on the federal, state, and local levels for policies that promote flexibility and uniformity in the administration of their employee benefit plans.