Cannon, Laverriere Publish Article On DOL’s Plan Asset Rules

New York partners  John Cannon (Executive Compensation & Employee Benefits) and  Kenneth Laverriere (Executive Compensation & Employee Benefits) recently co-authored an article, titled "Time for a Second Look: Bringing the DOL's Plan Asset Regulations into the 21st Century," published by Bloomberg BNA's Pension & Benefits Daily.

In their article, the authors argue that the DOL's existing plan asset rules fail to provide clear guidance to fund managers or meaningful protection to plan investors. According to the authors, "the DOL should consider amending its plan asset regulations to give private fund sponsors the choice to categorize certain funds as non-plan asset funds, regardless of the level of involvement by benefit plan investors."