By Phil McKnight, Eric Mikkelson & Andrew Arbuckle

The DOL’s Proposed Safe Harbor and What It Means for Asset Managers, Advisers, and Plan Sponsors

On March 30, 2026, the U.S. Department of Labor (DOL) released a proposed rule titled “Fiduciary Duties in Selecting Designated Investment Alternatives” (the Proposed Rule), which would establish a process-based safe…