US Moves to Open 401(k) Plans to Private Equity and Alternative Assets

12 articles · Updated · Chicago Tribune · Apr 21

The US Department of Labor has proposed new rules that could allow private equity, private credit, and other alternative assets in 401(k) retirement plans.
The proposal, following an executive order, outlines a safe harbor process for plan fiduciaries and is currently open for public comment until June 1.
Supporters argue this would democratize access, while critics warn of higher fees, illiquidity, and increased risk for ordinary retirement savers.

Could adding private equity to 401(k)s ultimately backfire for average American savers?

Will Wall Street’s high fees cancel out any potential gains for retirement plans?

Are 401(k) plans really equipped to handle volatile assets like cryptocurrency?

With private credit markets already stressed, is this the worst time for this change?

How will courts interpret this new DOL rule without the shield of Chevron deference?