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DOL/EBSA

RIN: 1210-AB95

Publication ID: Spring 2021

Title: Financial Factors in Selecting Plan Investments
Abstract: 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.
Agency: Department of Labor(DOL)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: Yes	Unfunded Mandates: No
CFR Citation: 29 CFR 2550.404a-1
Legal Authority: 29 U.S.C. 1102 to 1104 29 U.S.C. 1135

Legal Deadline: None

Timetable:

Action	Date	FR Cite
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

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses, Organizations	Federalism: No
Included in the Regulatory Plan: Yes
RIN Data Printed in the FR: Yes
Agency Contact: Jeffrey J. Turner Deputy Director, Office of Regulations and Interpretations Department of Labor Employee Benefits Security Administration N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500