The Department of Labor (DOL) has released its long-anticipated proposal on selecting investments for participant-directed plans. As expected, the proposed regulation includes guidance on selecting asset allocation vehicles that include alternative assets. That was directed by the White House’s Executive Order last August.
The views expressed here are those of Fred Reish. Fred Reish, JD is not an employee of Hartford Funds. They should not be construed as investment advice or as the views of Hartford Funds or the employees of Hartford Funds. They are based on available information and are subject to change without notice. The information above is intended as general information and is not intended to provide, nor may it be construed as providing, tax, accounting or legal advice. As with all matters of a tax or legal nature, please consult with your tax or legal counsel for advice. This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Fred Reish.