PODCAST: Ins & Outs of Socially Responsible Investing for Retirement Plans
Verrill Dana employee benefits attorneys Eric Altholz and Chris Lockman discuss the inclusion of socially conscious/socially responsible investment options in 401(k) and 403(b) plans in their latest podcast for Verrill Voices. The podcast explores Department of Labor guidance regarding this category of investments, identified by the DOL as Economically Targeted Investments (ETIs), including a brief history of ETIs and DOL Interpretive Bulletins 94-01, 08-01, and 2015-01. Eric and Chris also provide examples of the different types of ETI funds and offer practical advice that will help plan fiduciaries comply with the fiduciary standards under ERISA when selecting ETIs.
Listen to the podcast online here.