Treichel in 401(k) Specialist: Industry Leaders React to DOL Proposal Expanding Alternatives to 401(k)s

Our Founder and Chief Solutions Officer Bonnie Treichel recently chatted with 401(k) Specialist, discussing the new proposed rule from the Trump Administration regarding alternative investments in 401(k) plans. 

“The DOL’s proposal builds on three core principles of the Employee Retirement Income Security Act of 1974 (ERISA), says Bonnie Treichel, ERISA attorney and founder and CEO of Endeavor Retirement. This includes the idea that ‘ERISA is grounded in process; ERISA gives maximum discretion and flexibility to plan fiduciaries; and when ERISA fiduciary decision-making follows a prudent process, arbiters of disputes [i.e., courts] should defer to fiduciaries under a presumption of prudence,’ Treichel noted in an email statement.”