Director, Office of Regulations and Interpretations

1210-AB95 202104 Unified Agenda of Federal Regulatory and Deregulatory Actions 1210 Employee Benefits Security Administration EBSA 1200 Department of Labor DOL Financial Factors in Selecting Plan Investments

This regulatory action supersedes and replaces the Department of Labor’s prior Interpretive Bulletins on the application of the fiduciary rules in the Employee Retirement Income Security Act of 1974 (ERISA) to pension plan investments selected because they may further collateral economic or social benefits in addition to their investment returns. The rule protects participant and beneficiary interests by requiring that plan fiduciaries select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment or investment course of action.

]]> Economically Significant Previously Published in The Unified Agenda Completed Actions Yes No 29 CFR 2550.404a-1 29 U.S.C. 1102 to 1104 29 U.S.C. 1135 Yes NPRM 06/30/2020 85 FR 39113 NPRM Comment Period End 07/30/2020 Final Rule 11/13/2020 85 FR 72846 Final Rule Effective 01/12/2021 Yes Businesses Organizations None No Undetermined Yes No Jeffrey Turner J. Director, Office of Regulations and Interpretations 1210 Employee Benefits Security Administration EBSA 202 693-8500 turner.jeffery@dol.gov N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington DC 20210