Update from NCEO CEO Loren Rogers on the DOL Re-Proposal

According to NCEO CEO Loren Rogers’ monthly Employee Ownership Update, at a hearing of the House Committee on Education and the Workforce, Secretary of Labor Hilda Solis responded to questions from many members of Congress about the agency’s proposal to change the definition of a plan fiduciary. However, many questions are still unanswered, including the exact language affecting ESOP ficiduciaries that will be used in the re-proposal, and when exactly the re-proposal will be issued.

Read more on the NCEO website