Advocacy Timeline

2013 - New Regulations on Fiduciaries

Department of Labor and The ESOP Association defend ESOPs under ERISA

The Department of Labor proposes regulations that would make advisors to ERISA plans—including ESOP appraisers—fiduciaries under ERISA. A grassroots effort on Capitol Hill helps ensure the new regulations would not adversely affect ESOPs and the “fiduciary rule” is rejected.