AG joins lawsuit

Kansas Attorney General Kris Kobach today joined a 25-state coalition in a lawsuit over a U.S. Department of Labor rule which would affect the retirement accounts of millions of people. The AG’s office says the rule would allow 401(k) managers to direct their clients’ money to ESG (Environmental Social Governance) investments and runs contrary to the laws outlined in the Employee Retirement Income Security Act of 1974 (ERISA).