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These Stocks Could Benefit if Trump Expands Private Markets Access in 401(k) Plans, Analysts Say
UNITED STATES, JUL 16 – The executive order aims to expand private equity access to $12.5 trillion in 401(k) funds amid concerns over retirement security and declining traditional pensions.
- On Thursday, U.S. Sen. Bernie Sanders introduced legislation to address the retirement security crisis, highlighting efforts to improve pension access for workers.
- Amid mounting retirement shortfalls, Sanders' office noted that just 9% of private-sector workers have access to defined-benefit pensions, and nearly half of older workers aged 55-64 have no savings, according to Sanders' team.
- For private equity, this order is arriving right on time, and it could push hundreds of billions of dollars into private equity funds, industry insiders warn.
- Opponents argue, `the move is a dangerous scheme to fleece savers`, potentially transferring wealth from workers to Wall Street.
- Goldman Sachs analyst Alexander Blostein estimates a $3.8bn-$12.3bn revenue pool over the next several years, while private-market investments enter 401 plans.
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Sanders Proposes 'Pensions for All' as Trump Aims to Open 401(k)s to Private Equity Vultures
"We can no longer tolerate a rigged retirement system that allows the CEOs of large corporations to receive massive golden parachutes for themselves, while denying workers a pension after a lifetime of work," said Sen. Bernie Sanders.
·United States
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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