TechFlow News: On March 26, Bloomberg Law reported that a regulatory proposal permitting alternative assets—including cryptocurrencies and private equity—to be included in 401(k) retirement plans has completed review by the White House Office of Information and Regulatory Affairs (OIRA). The U.S. Department of Labor is expected to formally issue the proposal within the coming weeks. If finalized, it would bring significant change to the roughly $12 trillion 401(k) market. The proposal stems from an executive order signed by former President Trump in August last year, directing the Department of Labor’s Employee Benefits Security Administration (EBSA) to reassess guidance on alternative asset investments in retirement plans within 180 days. Its core objective is to provide legal protections for employers, reducing their fiduciary liability litigation risk associated with offering alternative asset investment options.
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