DOL Releases ‘Safe Harbor’ Regulation for Alts in DC Plans

Planadviser included commentary from Richard Shea in an article about the Department of Labor’s proposed rule clarifying how alternative investments may be used in defined contribution retirement plans.

“I think it’s probably going to be a balance,” Richard said. “It’s going to be hard to break out of the conservatism that results from the existing flood of litigation. But on the other hand, if there are opportunities to diversify risk, particularly with non-correlated income streams, that should be something that fiduciaries should be interested in, and it would be good if they could find a safe way to do that.”