How Are Private Markets Supposed to Fit into DC Plans?

How Are Private Markets Supposed to Fit into DC Plans?

It’s less of a question of should and more an issue of how. Washington, DC, and asset managers alike think private market investments in employee benefits plans are the best thing since sliced bread. Financial advisors are much more skeptical, concerned about illiquidity, high costs and opacity. While there may be ways of putting private investments in 401(k)s that complement the plans, they necessitate careful engineering, small allocations and…