Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

The information collection requires that for investments that are not participant directed, defined benefit (DB) plans and defined contribution (DC) plans maintain records when different investments are economically indistinguishable, documenting specifically why the investments were determined to be indistinguishable and the selected investment was chosen based on the purposes of the plan and the financial interests of plan participants and beneficiaries in receiving benefits from the plan. The information collection also requires that individual account plan fiduciaries will need to document their selections of investment alternatives that include one or more ESG or similarly oriented assessments or judgments in their investment mandates or that include these parameters in the fund name.

The latest form for Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights expires 2024-01-31 and can be found here.