https://www.zerohedge.com/political/tha ... -401ks-esg
On Tuesday, the Department of Labor finalized a rule that provides regulatory cover for retirement plan sponsors who want to emphasize environmental, social and governance (ESG) factors in plan management.
The administration knows it's doing something that a broad swath of society would find objectionable: In choosing Tuesday of Thanksgiving week to post the rule, the White House was clearly aiming to minimize reporting and public awareness.
"ESG funds typically charge fees 40 percent higher than traditional funds, making them a timely answer to asset management margin compression."
But there's more at stake than dollars and cents. This is just one more scheme by which society is being force-marched into the depths of the broad progressive agenda.