08.12.25

DOL Strikes Private-Market 401(k) Fund Warning

by: Austin R. Ramsey

The U.S. Department of Labor (DOL) rescinded guidance that warned 401(k) plans about risks of private-market investments, including illiquidity, valuation issues and lack of transparency. The guidance, issued under the previous administration, urged fiduciaries to exercise exceptional skill when adding such assets. The latest move follows President Donald Trump’s May rollback of crypto warnings and aligns with his executive order promoting alternative assets — such as private equity, cryptocurrencies, real estate and commodities — by reducing regulatory barriers and exploring protections for employers against retirement-plan litigation.

Read the full article on Bloomberg Law