Tag: Department of Labor
What is the Labor Department thinking? The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans. DOL said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to includ…
The Department of Labor should revisit its June 3, 2020 letter. It’s always embarrassing to learn stuff about U.S. retirement policy from foreign correspondents, but that happens sometimes. Apparently on June 3, 2020, the U.S. Department of Labor (DOL) issued an information letter opening up the opportunity for private equity investments in 401(k) plans. T…
