05.28.25
DOL Rescinds 2022 Cryptocurrency Guidance for 401(k) Plans
by: PlanAdviser
The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration rescinded a 2022 compliance assistance release directed at plan fiduciaries considering plan investments in cryptocurrencies. The 2022 guidance directed plan fiduciaries to exercise “extreme care” before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants. The DOL said that, by rescinding the 2022 guidance, it is “neither endorsing, nor disapproving of, plan fiduciaries who conclude that the inclusion of cryptocurrency in a plan’s investment menu is appropriate.”
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