Tag: Department of Labor
Private equity is illiquid, has high fees, and hasn’t produced high returns for state/local plans The president just issued an executive order to encourage adding private equity and private credit — as well as other alternative investments — as options to 401(k) plans. The Department of Labor (DOL) is tasked with accomplishing this goal. Some suggest t…
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 The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans.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…
