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US issues draft rules on private assets inclusion in 401k retirement plans
The U.S. Department of Labor's proposed rule creates safe harbors for fiduciaries to include alternative assets in 401(k)s, potentially unlocking trillions in retirement savings.
- On Monday, the U.S. Department of Labor issued a proposed rule to help 401 plans incorporate alternative assets like private equity and cryptocurrencies, fulfilling President Donald Trump's August executive order.
- The DOL's proposal creates 'process-based safe harbors' protecting fiduciaries from lawsuits if they objectively evaluate fees, liquidity, and complexity, targeting the roughly $12 trillion in defined-contribution retirement cash.
- Senator Elizabeth Warren and the Private Equity Stakeholder Project oppose the rule, with executive director Jim Baker calling it a 'bailout' for a struggling industry using retirement savings.
- Private credit firms face record investor withdrawals in the roughly $2 trillion industry; SEC Commissioner Mark Uyeda defended the rule as promoting free markets despite liquidity concerns.
- The proposed rule enters a 30- or 60-day public comment period before final Office of Information and Regulatory Affairs review; analyst Jaret Seiberg remains skeptical courts will protect fiduciaries from litigation.
54 Articles
54 Articles
Trump’s New Gift to Crypto and Private Equity: Access to Your 401(k)
Donald Trump has spent much of his second term using the U.S. presidency as a giant ATM for himself, his family, and his cronies. Now he’s devised a way for the cryptocurrency and private equity industries to do the same—while further lining his own pockets and putting Americans’ nest eggs at risk. The Trump administration on Monday announced plans to open 401(k) retirement plans to investments like crypto and private equity that are subject to …
Labor Department Proposes Rule Opening $10 Trillion 401(k) Market to Crypto
The U.S. Department of Labor on Monday proposed a rule that would create a legal safe harbor for retirement plan fiduciaries who add cryptocurrencies and other alternative assets to 401(k) investment menus. The proposal carries out a directive from President Donald Trump’s August executive order to expand access to digital assets in retirement portfolios, and could open the door for a share of the $10.1 trillion sitting in American 401(k) accoun…
Inside the DOL’s Plan to Open Up Alternative Assets in 401(k)s
Not so private now, eh? Alternative investments have long been the domain of the ultra-wealthy, institutions and government pensions. Now, the Department of Labor is asking: Why not everyone else? The DOL’s Employee Benefits Security Administration proposed new guidance Monday aimed at making it easier for 401(k) plans to include alternatives by reducing regulatory burdens and limiting litigation risks for fiduciaries. “This is how we will unloc…
The Post and Courier
New Hampshire Union LeaderUS paves way for private assets to be included in 401(k) retirement plans
NEW YORK — The Trump administration on March 30 issued a long-awaited proposed rule to open up retirement plans to alternative assets, paving the way for private equity and cryptocurrencies to be added to 401(k) accounts.
kioncentralcoast.com
KESQTrump impulsa norma para abrir planes 401(k) a capital privado y otras inversiones, como criptomonedas
Por Jeanne Sahadi, CNN Una nueva norma propuesta por el Departamento de Trabajo de EE.UU. (DOL, por sus siglas en inglés) busca dar a los fiduciarios de planes 401(k) “la máxima discreción y flexibilidad” al elegir alternativas de inversión para incluir en el menú de inversiones de un plan. El Departamento de Trabajo presentó el lunes una nueva norma propuesta para los patrocinadores de planes 401(k) que quieren ofrecer a los participantes del p…
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