The ERISA Industry Committee Applauds DOL Proposed Investment Selection Rule and Offers Recommendations for Improvements

WASHINGTON, D.C., June 1, 2026 – The ERISA Industry Committee (ERIC) today submitted regulatory comments in strong support of the Department of Labor’s Proposed Regulation entitled “Fiduciary Duties in Selecting Designated Investment Alternatives.” A statement on the submission can be found below and is attributable to ERIC Senior Vice President of Retirement and Compensation Policy, Andy Banducci.

ERIC On Weyerhaeuser Pension Risk Transfer Case: A “Meaningful Outcome”

WASHINGTON, D.C., April 2, 2026 – On Thursday, April 2, The ERISA Industry Committee (ERIC) applauded this week’s dismissal of Maneman v. Weyerhaeuser Company by the U.S. District Court for the Western District of Washington. The case represents a growing trend of class action litigation targeting pension plan transactions.