The changes could make it easier for 401(k) plans to include private credit, private equity, crypto and real estate investments. The Labor Department plan, which is subject to public comment, aims to blunt threats of class-action litigation that have discouraged some employers from adding alternative investments.
“This proposed rule will show how plans can consider products that better reflect the investment landscape as it exists today,” Labor Secretary Lori Chavez-DeRemer said in a statement on Monday. The department is hoping to complete the final rule by the end of the year, an agency official said during a briefing.
