On October 22nd, the DOL announced a proposed rule regarding the definition of a fiduciary, which included mandating that all valuators of private company ESOP stock be fiduciaries to the ESOPs they value.

For more information from the ESOP community on this proposed rule, click on the following links.

• Information from The ESOP Association
• Information from the NCEO
• Information from ESCA
• ESI Response to DOL Proposed Regulation
• Update on DOL hearings from The ESOP Association
• Update on DOL hearings from the NCEO