A recent federal court decision involving the Caesars 401(k) plan shows how a careful process for selecting and overseeing a 3(38) investment manager can help reduce fiduciary risk. Meanwhile, proposed legislation could expand access to collective investment trusts (CITs) for 403(b) plans. And despite ongoing debate around private markets and ESG, ERISA's core rule remains the same: investment decisions must focus on financial risk and return.

Read Q1 2026 Fiduciary Hot Topics here.

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