erisa

A rule proposed by the U.S. Department of Labor to adjust 401(k) investment options has passed White House regulatory review and is expected to be released in the coming weeks. The rule may modify the fiduciary duty guidelines regulated by ERISA, allowing plan sponsors to include cryptocurrency and private equity as investment options.This proposal stems from an executive order previously signed by Trump, which directed relevant departments to promote alternative assets into the retirement account system. Currently, the rule is classified as "having significant economic impact" and is still pending further advancement.