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Employee Benefits

Labor Department clarifies ESG considerations for 401(k) plans

October 14, 2021 Reprints

The U.S. Department of Labor on Oct. 13 issued a much-anticipated rule for the use of environmental, social and governance factors in the selection of investments for retirement plans, effectively walking back two Trump-era rules that were finalized last year, according to Investment News. ESG factors can be considered financially material when weighing investment options, the Labor Department said.

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Labor Department clarifies ESG considerations for 401(k) plans

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