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Piggybank on wooden table with stacks of coins beside it. A hand putting a coin into the piggy bank with"401k" written in chalk beside it.

The Biden administration has very quietly changed rules to allow employers to funnel workers’ 401(k) retirement funds to left-wing groups instead of legitimate investments.

According to the Washington Times, the Dept. of Labor changed a rule affecting 150 million workers and $10 trillion in assets under the Employee Retirement Income Security Act of 1974.

Per the paper:

The rule says asset managers and retirement plan administrators should consider environmental, social and corporate governance (ESG) factors when selecting investments.
That would encourage money managers to balance financial returns with investments that support wind and solar energy or have diverse boards of directors.
The rules also remove a restriction blocking employers from using an ESG fund as a default option for workers automatically enrolled in 401(k) plans. That means workers could be supporting causes that don’t align with their political views.

It also rescinds Trump-era regulations that require retirement plan administrators and asset managers to choose investments based solely on participants’ financial interests.

So, what does this mean?

It means that the Biden administration is attempting to cajole fund managers into putting millions in the pockets of useless, unsound left-wing groups and causes.

While it endangers the retirement funds of millions of Americans, it does have the benefit of enriching Biden’s friends.

Follow Warner Todd Huston on Facebook at:, or Truth Social @WarnerToddHuston


Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.


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