Just came across a regulatory update
My first thought was, here we go again
Then I opened it—and it’s pretty substantial
The U.S. Department of Labor has sent its final rule on alternative assets in 401(k) plans
To the White House OIRA for final review
Including crypto, private equity, real estate, and the like
A safe harbor for fiduciaries
Pass six tests, and alternative assets can be added to the menu
Performance, fees, liquidity, valuation, benchmarks, and complexity
It hasn’t formally taken effect yet
But the direction is pretty clear
That pool of retirement-account money is huge
We’ll see what happens if and when it’s implemented
My first thought was, here we go again
Then I opened it—and it’s pretty substantial
The U.S. Department of Labor has sent its final rule on alternative assets in 401(k) plans
To the White House OIRA for final review
Including crypto, private equity, real estate, and the like
A safe harbor for fiduciaries
Pass six tests, and alternative assets can be added to the menu
Performance, fees, liquidity, valuation, benchmarks, and complexity
It hasn’t formally taken effect yet
But the direction is pretty clear
That pool of retirement-account money is huge
We’ll see what happens if and when it’s implemented
