DOL Warns Retirement Managers About Private Equity's Risks

By Kellie Mejdrich (December 22, 2021, 4:28 PM EST) -- The U.S. Department of Labor warned retirement managers of defined contribution plans like 401(k)s against making investments in private equity if they don't understand the potential pitfalls, citing possible confusion about Trump-era guidance from summer 2020.

The Employee Benefits Security Administration issued a supplemental statement Tuesday looking to clarify an information letter published in June 2020, a move the DOL's employee benefits arm said stemmed from concerns the agency had heard over the past year.

"The Supplemental Statement emphasizes the limited focus of the Information Letter as a response to large plan sponsors who offer both defined benefit plans and participant-directed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!