1210-AC38 comment 3702 Institute for the Fiduciary Standard 06012026

Summary: Knut Rostad, representing the Institute for the Fiduciary Standard, strongly opposes the proposed rule, arguing that it weakens ERISA's fiduciary protections by replacing substantive prudence with a mere procedural checklist. The commenter contends that the rule favors plan sponsors and alternative investment providers over participants by failing to require independent investigations of opaque and illiquid assets.