Josh Lichtenstein and Jonathan Reinstein to Present Webinar on Alternative Investments in 401(k) Plans

ERISA and benefits partner Josh Lichtenstein, who heads the firm’s ERISA fiduciary practice and co-leads the firm’s collective investment trust (CIT) practice, and ERISA and benefits counsel Jonathan Reinstein will present a webinar “Alternative Investments in 401(k) Plans: The DOL Safe Harbor for Plan Fiduciaries” hosted by the Worldwide Employee Benefits Network on June 10.

The U.S. Department of Labor issued a proposed rule that would establish a new safe harbor under ERISA governing the selection of investments for 401(k) plans. The proposed rule provides a path for fiduciaries of defined contribution plans to follow a prudent process when evaluating and selecting investments including alternative investments such as private equity, real estate and cryptocurrency. The proposed regulations could reshape fiduciary decision-making for plan sponsors and their advisors.

Josh and Jonathan will address topics including common misconceptions about alternative investments and the proposed safe harbor; the prudent process framework; key considerations for evaluating alternative investments; evaluating fees; best practices for documenting fiduciary decision-making; and the role of professionally managed investment options, including target-date funds, among others.