President Trump has issued an executive order aimed at expanding access to certain alternative assets, such as cryptocurrency and private equity, in 401(k) plans. The executive order directs the Department of Labor (DOL) to, among other things, review its guidance regarding plan fiduciaries’ duties under the Employee Retirement Income Security Act of 1974 (ERISA) when offering asset allocation funds that invest in alternative assets.
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Executive Order Aims to Expand Access to Alternative Investments in 401(k) Plans
