According to Foresight News , the Trump administration is proposing a new Department of Labor (DOL) rule aimed at providing greater legal protection for companies offering alternative assets in 401(k) retirement savings plans, reducing the risk of class-action lawsuits, and making it easier for 401(k) plans to include alternative assets such as private credit, private equity, crypto assets, and real estate.
Under the new rules, trustees must fulfill their fiduciary responsibilities by evaluating performance, costs, liquidity, and valuation when selecting alternative assets. Previously, many employers were cautious about adding such non-traditional assets to 401(k)s due to concerns about legal risks.
