American Bankers Association
EBSARulemakingEBSA-2021-0013

Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

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Dec 1, 2022
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American Bankers Association filings
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American Bankers Association filed 1 comment on this docket between Dec 29, 2021 and Dec 29, 2021. 71 other organizations filed here. The comment window closed 1688d ago.

What American Bankers Association filed (1)

Dec 29, 2021· 1210-AC03 comment 0713 American Bankers Association Papageorgiou Keehan 12132021· EBSA-2021-0013-0718

Filed on regulations.gov — full text not in the inline record.

Abstract

The Department of Labor (Department) in this document proposes amendments to the Investment Duties regulation under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA), to clarify the application of ERISA's fiduciary duties of prudence and loyalty to selecting investments and investment courses of action, including selecting qualified default investment alternatives, exercising shareholder rights, such as proxy voting, and the use of written proxy voting policies and guidelines.

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