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Here's why 401(k) plans lag in green investment options

Climate funds hold less than 1% of 401(k) money. Here s why CNBC 12/14/2020 Greg Iacurci So-called ESG investments in the U.S. hold $17 trillion, a third of all professionally managed assets, according to the Forum for Sustainable and Responsible Investment. Just 3% of 401(k) plans have an ESG fund, according to the Plan Sponsor Council of America. A fraction of plan assets (a tenth of 1%) are held in such funds. Trump administration rules issued in October threaten to further dampen uptake. © Provided by CNBC Investors are pouring money into funds that aim to do environmental and social good. But one of America s biggest pots of wealth 401(k) plans are stunting their growth.

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Who Is an Independent Contractor? Department of Labor Proposes Clarity

 in Hudson, where she is the lead attorney in their labor and employment law group and a litigator in the business and individual law groups. A recent rule proposed by the U.S. Department of Labor would make it easier to classify workers as independent contractors under the Fair Labor Standards Act. Lida Bannink discusses the proposed rule and its implications. The scale continues to tip. On Sept. 22, 2020, the U.S. Department of Labor (DOL) issued proposed regulations aimed at “bringing clarity and consistency” in determining who is an independent contractor under the Fair Labor Standards Act (FLSA). Labor Secretary Eugene Scalia said in the news release that the purpose is to “make it easier to identify employees covered [by the FLSA], while also respecting the decision other workers make to pursue the freedom and entrepreneurialism associated with being an independent contractor.”

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