Recently, the U.S. Department of Labor released a new highly anticipated final regulation under which retirement plan fiduciaries, such as 401(k) plan sponsors, are permitted—but are not obligated—to consider climate change and other environmental, social and governance (“ESG”) factors when selecting retirement plan investments or exercising shareholder investment rights, such as proxy voting, under
Robert T. "Robbie" Mashburn, Jr.
Secure Act 2.0 – The Top Ten Retirement Provisions
By Robert T. "Robbie" Mashburn, Jr., Randye C. Snyder, Leon H. Rittenberg III & Thomas J. McGoey II on
Posted in Business, Employee Benefits, Employment Law, Labor & Employment
The SECURE 2.0 Act of 2022 (“SECURE 2.0”), signed into law by President Biden on December 29, 2022, is another round of retirement reforms that began with the original SECURE Act (i.e., the “Setting Every Community Up for Retirement Enhancement Act”) passed in 2019. SECURE 2.0 contains over 90 provisions that will have at…